Valuation · 2020
$2.5M
2024 Revenue
$1.6M(Est.)
Customers
17K
Avg ACV
$91
Team
16
Founded
2018
Formaloo Revenue & Valuation (2024)
Formaloo generated an estimated $1.6M in annual revenue in 2024. Source: GetLatka estimate
Customer Intelligence, Made Simple. Data becomes revenue by Formaloo Customer Analytics.
Last updated
Formaloo Revenue
In 2024, Formaloo's revenue reached $1.6M. The company previously reported $509.7K in 2023. Since its launch in 2018, Formaloo has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Formaloo Hit $1.6m revenue in October 2024 | Estimated |
| 2023 | Formaloo Hit $509.7k revenue in October 2023 | Estimated |
| 2021 | Formaloo Hit $212.4k revenue in April 2021 | Not recorded |
| 2018 | Launched with $0 revenue |
Formaloo Valuation, Funding Rounds
Formaloo reached a $2.5M valuation in 2020, set during its Seed round.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2020 | Seed | - | $2.5M | - | Not recorded |
Founder / CEO
Customers
Formaloo serves 17K customers.
Formaloo Employees & Team Size
Formaloo employs approximately 16 people as of 2026. It serves 17K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 16 employees (October 2024) | Not recorded |
| 2023 | Reached 16 employees (October 2023) | Not recorded |
| 2022 | Reached 10 employees (October 2022) | Not recorded |
| 2021 | Reached 8 employees (December 2021) | Not recorded |
| 2021 | Reached 3 employees (April 2021) | Not recorded |
Frequently Asked Questions about Formaloo
What is Formaloo's revenue?
As of 2024, Formaloo generated an estimated $1.6M in annual revenue.
What is Formaloo's valuation?
As of 2020, Formaloo was valued at $2.5M.
Who founded Formaloo?
Formaloo was founded by Farokh Nezhad.
When was Formaloo founded?
Formaloo was founded in 2018.
Who is the CEO of Formaloo?
The CEO of Formaloo is Farokh Nezhad.
How many employees does Formaloo have?
As of 2024, Formaloo had 16 employees.
Where is Formaloo headquartered?
Formaloo is headquartered in Toronto, Ontario, Canada.
Compare Formaloo to the industry
Formaloo operates across multiple industries. Browse revenue, funding, and growth data for Formaloo in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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