Tech Company Financing Transactions
Formally Funding Round
Formally closed a $2.3 million Seed funding round on 5/16/2022. Investors included Bessemer Venture Partners, BBG Ventures and Dorm Room Fund.
Transaction Overview
Company Name
Announced On
5/16/2022
Transaction Type
Venture Equity
Amount
$2,300,000
Round
Seed
Investors
Bessemer Venture Partners (Lead Investor)
private investors (Kiwi Camara)
Proceeds Purpose
The company intends to use the funds to expand their team, scale their impact within immigration, and begin to expand into new areas such as legal compliance.
Company Information
Company Status
Private & Independent
Industry
LegalTech
Mailing Address
80 Brown Street
Providence, RI 02906
USA
Providence, RI 02906
USA
Phone
Website
Email Address
Overview
Formally is a legal tech company with a mission to increase access to justice. Their platform leverages intelligent technology and accessible design to streamline and simplify complex legal processes. Their most recent product helps users complete an immigration application, a process that usually takes weeks, in under an hour and get it reviewed by an experienced attorney in under 24 hours. Formally is building a new legal experience that is cost-effective, convenient, and secure.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Amélie Vavrovsky
Chief Technical Officer
Noah Picard
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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