# Formation Bio funding: rounds and investors

> Formation Bio has raised $372M across 1 round since 2024. Investors include Sequoia Capital, Andreessen Horowitz and SV Angel. Every round with its source.

Source: https://millionrounds.com/company/formation-bio (Millionrounds; every figure on the page links to its filing or article)

United States · [Series D startup](https://millionrounds.com/companies)

# Who invested in *Formation Bio*

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.

AI

Valuation: $1.0B, Mar 2026

Funding summary Updated 26 Oct 2026

**$372M** raised across 1 round since 2024, from 1 source

- **Latest round:** Series D, $372M Jun 2024
- **Investors:** 7

See who backed them

## The rounds

- **Jun 2024** Series D **$372M** [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [SV Angel](https://millionrounds.com/fund/sv-angel) [Felicis](https://millionrounds.com/fund/felicis-ventures) [Spark Capital](https://millionrounds.com/fund/spark-capital) [Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) [FPV Ventures](https://millionrounds.com/fund/fpv-ventures) Source recorded

## Founders and team

From Formation Bio's own website: 3 founders, 5 on the team.

**Ben Liu** CEO & Co-Founder

**Clinical Trials** From the Founder

**Linhao Zhang** Co-Founder

- **Michael Ehlers** Chief Scientific Officer & Head of R&D
- **Dan Neil** Chief Technology Officer
- **David Steinberg** Chief Business Officer
- **James Leslie** Chief Financial Officer
- **Sean Childers** General Counsel

## Everyone who backed them

[Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **1** round

[Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **1** round

[SV Angel](https://millionrounds.com/fund/sv-angel) VC firm **1** round

[Felicis](https://millionrounds.com/fund/felicis-ventures) VC firm **1** round

[Spark Capital](https://millionrounds.com/fund/spark-capital) VC firm **1** round

[Thrive Capital](https://millionrounds.com/fund/thrive-capital-2) Family office **1** round

[FPV Ventures](https://millionrounds.com/fund/fpv-ventures) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=formation-bio).

## Quick answers about Formation Bio

### Who invested in Formation Bio?

Formation Bio's investors include Sequoia Capital, Andreessen Horowitz, SV Angel, Felicis and Spark Capital, and 2 more on record.

### How much has Formation Bio raised?

Formation Bio has raised $372M across 1 round since 2024.

### When did Formation Bio last raise?

Formation Bio's most recent round was a Series D of $372M in Jun 2024.

### What was Formation Bio's biggest round?

Its most recent round, $372M in Jun 2024, is also its largest on record.

### Who backed Formation Bio first?

Formation Bio's first round on record, in Jun 2024, was backed by Sequoia Capital, Andreessen Horowitz and SV Angel and 4 others.

### What stage is Formation Bio at?

Formation Bio's latest named round is a Series D, in Jun 2024.

### Where is Formation Bio based?

Formation Bio is based in the United States.

## Companies like Formation Bio

In the same sector, and raised in the last eighteen months.

[**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**Pika** $216M · Oct 2026](https://millionrounds.com/company/pika)[**Vertical Semiconductor** $84M · Oct 2026](https://millionrounds.com/company/vertical-semiconductor)

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