France · Who invested in Formance?
Formance's investors include PayPal Ventures, Portage Venture Partners, Y Combinator, Leo Capital and Axeleo Capital, and 2 more on record. PayPal Ventures led its latest round.
France · Series A startup
Who invested in Formance
One round we have observed, with the 7 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.
Y Combinator: S21
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Funding summaryUpdated 15 Nov 2026
$21Mraised across 1 round since 2025, from 1 source
- Latest round
- Series A, $21MJan 2025
- Led by
- PayPal Ventures and Portage Venture Partners
- Investors
- 7 (2 led)
The rounds
- Jan 2025Series A$21M
PayPal VenturesLead
Portage Venture PartnersLead
Y Combinator- Leo Capital
Axeleo Capital
Hoxton Ventures
Frst
Reported by TechCrunchSEC filing: $19M sold, first sale Dec 2024
Everyone who backed them
Leo CapitalVC firm1round
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Quick answers about Formance
How much has Formance raised?
Formance has raised $21M across 1 round since 2025.
When did Formance last raise?
Formance's most recent round was a Series A of $21M in Jan 2025, led by PayPal Ventures.
What was Formance's biggest round?
Its most recent round, $21M in Jan 2025, is also its largest on record.
Who backed Formance first?
Formance's first round on record, in Jan 2025, was backed by PayPal Ventures, Portage Venture Partners and Y Combinator and 4 others.
What stage is Formance at?
Formance's latest named round is a Series A, in Jan 2025.
Where is Formance based?
Formance is based in France.
Who led Formance's rounds?
PayPal Ventures led the Series A in 2025.
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