Valuation
$2.5M
2024 Revenue
$1.6M
Customers
17K
Funding
$0
YOY
204.8%
Avg ACV
$91
Team
16
Founded
2018
How Formaloo CEO Farokh Nezhad grew to $1.6M revenue and 17K customers in 2024.
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 | Quote |
|---|---|---|
| 2024 | Formaloo Hit $1.6m revenue in October 2024 | |
| 2023 | Formaloo Hit $509.7k revenue in October 2023 | |
| 2021 | Formaloo Hit $212.4k revenue in April 2021 | |
| 2018 | Launched with $0 revenue |
Formaloo Valuation, Funding Rounds
Formaloo's most recent disclosed valuation is $2.5M.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
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 |
|---|---|
| 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) |
Frequently Asked Questions about Formaloo
What is Formaloo's revenue?
Formaloo generates an estimated $1.6M in annual revenue.
Who founded Formaloo?
Formaloo was founded by Farokh Nezhad.
Who is the CEO of Formaloo?
The CEO of Formaloo is Farokh Nezhad.
How much funding does Formaloo have?
Formaloo raised $0.
How many employees does Formaloo have?
Formaloo has 16 employees.
Where is Formaloo headquarters?
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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