# Formic funding: rounds and investors

> Formic has raised $50M across 1 round since 2026. Investors include Mercato Partners, Citibank and S2G Investments. Every round with its source.

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

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

# Who invested in *Formic*

One round we have observed, with the 5 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 Manufacturing Robotics

Raised this month

Funding summary Updated 26 Oct 2026

**$50M** raised across 1 round since 2026, from 2 sources

- **Latest round:** Series B, $50M Oct 2026
- **Led by:** Mercato Partners
- **Investors:** 5 (1 led)

See who backed them

## The rounds

- **Oct 2026** Series B **$50M** [Mercato Partners](https://millionrounds.com/fund/mercato-partners) Lead [Citibank](https://millionrounds.com/fund/citi) [S2G Investments](https://millionrounds.com/fund/s2g-investments) [Light Ray Ventures](https://millionrounds.com/fund/light-ray-ventures) [Lightscape Partners](https://millionrounds.com/fund/lightscape-partners) Reported by Google News search and 1 other

## Everyone who backed them

[Mercato Partners](https://millionrounds.com/fund/mercato-partners) VC firm **1** round, led 1

[Citibank](https://millionrounds.com/fund/citi) Growth equity **1** round

[S2G Investments](https://millionrounds.com/fund/s2g-investments) Growth equity **1** round

[Light Ray Ventures](https://millionrounds.com/fund/light-ray-ventures) VC firm **1** round

[Lightscape Partners](https://millionrounds.com/fund/lightscape-partners) VC firm **1** round

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

## Also claim to have backed them

These 9 firms list Formic as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation) VC firm Per its own site

[Safar Partners](https://millionrounds.com/fund/safar-partners) VC firm Per its own site

[Evolution VC](https://millionrounds.com/fund/evolution-vc) VC firm Per its own site

[Litquidity Ventures](https://millionrounds.com/fund/litquidity-ventures) VC firm Per its own site

[Team Builder Ventures](https://millionrounds.com/fund/team-builder-ventures) VC firm Per its own site

[One Planet VC](https://millionrounds.com/fund/one-planet-vc) VC firm Per its own site

[Carnrite Ventures](https://millionrounds.com/fund/carnrite-ventures-2) VC firm Per its own site

[Keybridge Ventures](https://millionrounds.com/fund/keybridge-ventures) Family office Per its own site

[One Planet Group](https://millionrounds.com/fund/one-planet-group) Angel network Per its own site

## Quick answers about Formic

### Who invested in Formic?

Formic's investors include Mercato Partners, Citibank, S2G Investments, Light Ray Ventures and Lightscape Partners. Mercato Partners led its latest round.

### How much has Formic raised?

Formic has raised $50M across 1 round since 2026.

### When did Formic last raise?

Formic's most recent round was a Series B of $50M in Oct 2026, led by Mercato Partners.

### What was Formic's biggest round?

Its most recent round, $50M in Oct 2026, is also its largest on record.

### Who backed Formic first?

Formic's first round on record, in Oct 2026, was backed by Mercato Partners, Citibank and S2G Investments and 2 others.

### What stage is Formic at?

Formic's latest named round is a Series B, in Oct 2026.

### Where is Formic based?

Formic is based in the United States.

### Who led Formic's rounds?

Mercato Partners led the Series B in 2026.

## Companies like Formic

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)[**Apex** $1.1B · Oct 2026](https://millionrounds.com/company/apex)[**Pika** $216M · Oct 2026](https://millionrounds.com/company/pika)[**Albert Invent** $20M · Oct 2026](https://millionrounds.com/company/albert-invent)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app