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 Formaloo 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 |
|---|---|
| 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.
Formaloo is a bootstrapped Survey Software startup. Founded in 2018, Formaloo has grown to $1.6M in revenue without raising any venture capital or outside funding.
As a self-funded Survey Software SaaS company, Formaloo has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold |
|---|
Formaloo Employees & Team Size
Formaloo employs approximately 16 people as of 2026.
Formaloo has 16 total employees in different roles and functions. They have 17K customers that rely on the company's 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) |
Founder / CEO
Farokh Nezhad
Farokh Nezhad is listed as Founder / CEO at Formaloo.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Formaloo acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Formaloo
What is Formaloo's revenue?
Formaloo generates $1.6M in 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.
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Compare Formaloo to the industry
Formaloo operates across multiple industries. Browse revenue, funding, and growth data for Formaloo in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .