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Customer Intelligence, Made Simple. Data becomes revenue by Formaloo Customer Analytics.
Last updated
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.
Formaloo reached a $2.5M valuation in 2020, set during its Seed Round round.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2020 | Seed Round | - | $2.5M | - |
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Formaloo serves 17K customers.
Formaloo employs approximately 16 people as of 2026. It serves 17K customers that rely on its solutions.
Formaloo generates an estimated $1.6M in annual revenue.
Formaloo was founded by Farokh Nezhad.
The CEO of Formaloo is Farokh Nezhad.
Formaloo raised $0.
Formaloo has 16 employees.
Formaloo is headquartered in Toronto, Ontario, Canada.
Formaloo operates across multiple industries. Browse revenue, funding, and growth data for Formaloo in each sector below.
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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Valuation
$2.5M
2024 Revenue
$1.6M(Est.)
Customers
17K
Funding
$0
Avg ACV
$91
Team
16
Founded
2018
| 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 | |
| 2018 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 16 employees (October 2024) | |
| 2023 | Reached 16 employees (October 2023) | |
| 2022 | Reached 10 employees (October 2022) | |
| 2021 | Reached 8 employees (December 2021) | |
| 2021 | Reached 3 employees (April 2021) |
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