United States · Investor

Formation 8

Last cheque observed Oct 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietNew fund $439M, May 2015VC firm

GrowthPre-seedSeedAnalyticsAppsAugmented & Virtual Reality (AR/VR)

Cheques on record
0%of best year0cheques in 12 months, 100 on record
Since the last cheque2555days00hrs00min00sec
Median round$17MRounds led0 of 100Sole investor2 roundsExits6 from the portfolioMostly inUnited States, 89%
Pitch Formation 8

Formation 8 highlights

  1. 01

    100 rounds on record

  2. 02

    Mostly Series A and Series B: 62% of its rounds

  3. 03

    Sole investor in 2 rounds, median $57M

  4. 04

    6 exits from the portfolio

What they do

Formation 8 is a venture capital firm.From their own website
Type
VC firm
Cheque size
Not stated
Stages
GrowthPre-seedSeedSeries ASeries B
Sectors
AnalyticsAppsAugmented & Virtual Reality (AR/VR)
Based in
San Francisco, United States
Cold pitches
Not accepted

The record

Every round we can evidence, newest first100 appearances

  1. 2019

    2 rounds

  2. Oct
    AviatrixSeries C · US · FinSMEs$40MWith 3 others
  3. Sept
    FieldwireUS · FinSMEs$34MWith 3 others
  4. 2018

    3 rounds

  5. Jul
    CazenaUS · FinSMEs$10MWith 2 others
  6. Jun
    Cape AnalyticsUS · FinSMEs$17MWith 10 others
  7. Feb
    KidaptiveSeries C · US · FinSMEs$19MWith 1 other
  8. 2017

    2 rounds

  9. Nov
    MyMusicTasteSeries C · KR · TechCrunch$11MWith 6 others
  10. Aug
    VersiveUS · FinSMEs$13MWith 3 others
  11. 2016

    6 rounds

  12. Nov
    Cape AnalyticsUS · FinSMEs$14MSole investor
  13. Oct
    Vertical MassSeries A · US · FinSMEs$5.0MWith 2 others
  14. Oct
    DealpathSeries A · US · FinSMEs$8.0MWith 3 others
  15. Sept
    Memebox$66MWith 25 others
  16. Aug
    NextVRSeries B · US · FinSMEs$80MWith 22 others
  17. Jan
    BetterWorks$20MWith 18 others
  18. 2015

    41 rounds

  19. Nov
    IIX Inc.Series B · US$26MWith 4 others
  20. Nov
    TinyrxVenture$5.0MWith 7 others
  21. Nov
    MONI Ltd.Seed · GB$1.4MWith 6 others
  22. Nov
    NextVRSeries A · US$31MWith 6 others
  23. Nov
    SuperSeed · US$3.6MWith 5 others
  24. Nov
    Lunit Inc.Venture · KR$2.0MWith 2 others
  25. Oct
    FieldwireSeries A · US$6.6MWith 3 others
  26. Oct
    honestbeeSeries A · SG$15MWith 4 others
  27. Oct
    ZerostackSeries B · US$16MWith 1 other
  28. Oct
    OpenGovSeries B · US$25MWith 6 others
  29. Oct
    BuildZoomSeries A · US$11MWith 1 other
  30. Oct
    ZugataSeed · US$3.2MWith 2 others
  31. Oct
    ZanbatoSeries B · US$15MWith 1 other
  32. Oct
    Honest DollarSeed · US$3.0MWith 5 others
  33. Sept
    FarmigoSeries B · US$16MWith 2 others
  34. Sept
    NodePrimeSeed · US$7.0MWith 6 others
  35. Sept
    NeighborlySeed · US$5.5MWith 5 others
  36. Sept
    AviatrixSeries A · US$10MWith 1 other
  37. Sept
    ROOYSeed · US$3.4MWith 1 other
  38. Aug
    AugurySeries A · US$7.0MWith 3 others
  39. Aug
    Owlet Baby CareSeries A · US$7.0MWith 7 others
  40. Jul
    lightSeries B · US$25MWith 4 others
  41. Jul
    RadiusSeries F · US$50MWith 6 others
  42. Jul
    CazenaSeries B · US$20MWith 2 others
  43. Jul
    PlatedSeries B · US$35MWith 2 others
  44. Jul
    RoniinSeed · US$3.0MWith 4 others
  45. Jul
    Roam AnalyticsSeries A · US$9.6MWith 9 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration7 named

BWBon Woong KooManaging DirectoriForm ADV
BCBrett CummingsExecutive OfficeriFiling they signed
BKBrian KooManaging Member of the General PartneriFiling they signed
JJJames Jimin KimManaging Member of the General PartneriFiling they signed
JLJoe LonsdaleManaging Member of the General PartneriFiling they signed
JTJoseph Todd LonsdaleManaging DirectoriForm ADV
LSLior SusanExecutive OfficeriFiling they signed

We also hold 12 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$1.9Bgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Formation8 Partners, LLC
SEC number
CRD 163046

Exits from the portfolio

Companies it backed that were later bought or listed6 in all

NextVRBought by Apple$100MMay 2020
AltspaceVRBought by MicrosoftUndisclosedOct 2017
LearnSproutBought by AppleUndisclosedJan 2016
MapsenseBought by Apple$25MSept 2015
RelateIQBought by Salesforce$390MJul 2014
Oculus VRBought by Facebook$2.0BMar 2014

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as Formation 8. A count of rooms they were both in, not a relationship either has claimed.

Founders FundVC firm13rounds togetherAME Cloud VenturesVC firm12rounds togetherAndreessen HorowitzVC firm12rounds togetherGeneral CatalystVC firm6rounds togetherCota CapitalVC firm5rounds togetherGoldcrest CapitalVC firm5rounds togetherPejman Mar VenturesVC firm5rounds togetherSlow VenturesVC firm5rounds togetherAITV (Accelerate IT Ventures)Accelerator4rounds togetherGoogle VenturesCorporate VC4rounds togetherGreat Oaks Venture CapitalVC firm4rounds togetherKhosla VenturesVC firm4rounds together

Recently backed

The latest companies Formation 8 put money into.

Aviatrix$40M · Oct 2019Fieldwire$34M · Sept 2019Cape Analytics$17M · Jun 2018MyMusicTaste$11M · Nov 2017Vertical Mass$5.0M · Oct 2016Dealpath$8.0M · Oct 2016

Quick answers about Formation 8

What does Formation 8 invest in?

Formation 8 invests most often at Series A and Series B (62% of the rounds on record), in sectors such as Analytics, Apps and Augmented & Virtual Reality (AR/VR).

How active is Formation 8?

100 investments on record, 0 of them in the last 12 months. The most recent was in Oct 2019.

What has Formation 8 invested in recently?

Its most recent investments on record: Aviatrix (Series C, Oct 2019), Fieldwire (Undisclosed round, Sept 2019) and Cazena (Undisclosed round, Jul 2018).

How big are Formation 8's cheques?

The median round it joins is $17M.

Does Formation 8 lead rounds?

Rarely, if at all: none of its 100 investments on record names it as the lead.

Where does Formation 8 invest?

Most of the companies it backs are in the United States (89%) and South Korea (5%).

Is Formation 8 investing now?

No investments in the last 12 months; the latest was in Oct 2019.

Who does Formation 8 invest alongside?

Most often Founders Fund (13 rounds together), AME Cloud Ventures (12 rounds together) and Andreessen Horowitz (12 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it