Formalize vs Raken: Revenue, Funding & Team Size Compared
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Formalize generates $16.9M in revenue; Raken generates $16.5M. Formalize and Raken are close to the same size by revenue. The table below compares Formalize and Raken on funding, valuation, customers, team size and headquarters — every figure GetLatka has verified for each company.
| Company |  FormalizeThis company |  Raken |
|---|---|---|
| Revenue | $16.9M | $16.5M |
| Valuation | Not disclosed | $163.5M |
| Customers | Not disclosed | 4K |
| Team size | 154 | 150 |
| Founded | Not disclosed | 2014 |
| HQ | Aarhus, Denmark | Carlsbad, United States |
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Formalize at a glance
Formalize generates $16.9M in revenue with 154 employees, headquartered in Aarhus, Denmark.
- Revenue
- $16.9M
- Team size
- 154
Simplifying compliance together · Formalize Compliance Operations System & Whistleblower Software by Formalize · Covering 5M+ employees
Raken at a glance
Raken generates $16.5M in revenue with 150 employees, headquartered in Carlsbad, United States.
- Revenue
- $16.5M
- Valuation
- $163.5M
- Customers
- 4K
- Team size
- 150
- Founded
- 2014
Raken is a cloud-based, mobile, daily reporting and field management platform for contractors. We enable superintendents, foreman and project managers to streamline field workflows by creating accurate daily reports, time cards, and more…
Other Formalize alternatives
Formalize competes with more than the companies on this page. Browse the full alternative lists to compare revenue, funding and team size across the category.
Formalize vs Raken: frequently asked questions
Is Formalize or Raken bigger?
Formalize is the bigger company by revenue, at $16.9M against $16.5M for Raken.
How much revenue does Formalize make?
Formalize generates $16.9M in annual revenue with a team of 154.
How much revenue does Raken make?
Raken generates $16.5M in annual revenue with a team of 150.