# Formation 8: portfolio, investments and team

> Formation 8 is a vc firm based in United States. 100 investments on record, latest Oct 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/formation-8 (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Formation 8

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

Quiet New fund $439M, May 2015 VC firm

Growth Pre-seed Seed Analytics Apps Augmented & Virtual Reality (AR/VR)

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 100 on record

Since the last cheque **2555** days **00** hrs **00** min **00** sec

Median round **$17M** Rounds led **0 of 100** Sole investor **2 rounds** Exits **6 from the portfolio** Mostly in **United States, 89%**

Pitch Formation 8

## Formation 8 highlights

- 01 100 rounds on record
- 02 Mostly Series A and Series B: 62% of its rounds
- 03 Sole investor in 2 rounds, median $57M
- 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:** Growth Pre-seed Seed Series A Series B
- **Sectors:** Analytics Apps Augmented & Virtual Reality (AR/VR)
- **Based in:** San Francisco, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **100 appearances**

- **2019** 2 rounds
- **Oct** **[Aviatrix](https://millionrounds.com/company/aviatrix)** Series C · US · FinSMEs **$40M** With 3 others
- **Sept** **[Fieldwire](https://millionrounds.com/company/fieldwire)** US · FinSMEs **$34M** With 3 others
- **2018** 3 rounds
- **Jul** **[Cazena](https://millionrounds.com/company/cazena)** US · FinSMEs **$10M** With 2 others
- **Jun** **[Cape Analytics](https://millionrounds.com/company/cape-analytics)** US · FinSMEs **$17M** With 10 others
- **Feb** **[Kidaptive](https://millionrounds.com/company/kidaptive)** Series C · US · FinSMEs **$19M** With 1 other
- **2017** 2 rounds
- **Nov** **[MyMusicTaste](https://millionrounds.com/company/mymusictaste)** Series C · KR · TechCrunch **$11M** With 6 others
- **Aug** **[Versive](https://millionrounds.com/company/versive)** US · FinSMEs **$13M** With 3 others
- **2016** 6 rounds
- **Nov** **[Cape Analytics](https://millionrounds.com/company/cape-analytics)** US · FinSMEs **$14M** Sole investor
- **Oct** **[Vertical Mass](https://millionrounds.com/company/vertical-mass)** Series A · US · FinSMEs **$5.0M** With 2 others
- **Oct** **[Dealpath](https://millionrounds.com/company/dealpath)** Series A · US · FinSMEs **$8.0M** With 3 others
- **Sept** **[Memebox](https://millionrounds.com/company/memebox)** **$66M** With 25 others
- **Aug** **[NextVR](https://millionrounds.com/company/nextvr)** Series B · US · FinSMEs **$80M** With 22 others
- **Jan** **[BetterWorks](https://millionrounds.com/company/betterworks)** **$20M** With 18 others
- **2015** 41 rounds
- **Nov** **[IIX Inc.](https://millionrounds.com/company/iix-inc)** Series B · US **$26M** With 4 others
- **Nov** **[Tinyrx](https://millionrounds.com/company/tinyrx)** Venture **$5.0M** With 7 others
- **Nov** **[MONI Ltd.](https://millionrounds.com/company/moni-ltd)** Seed · GB **$1.4M** With 6 others
- **Nov** **[NextVR](https://millionrounds.com/company/nextvr)** Series A · US **$31M** With 6 others
- **Nov** **[Super](https://millionrounds.com/company/super)** Seed · US **$3.6M** With 5 others
- **Nov** **[Lunit Inc.](https://millionrounds.com/company/lunit-inc)** Venture · KR **$2.0M** With 2 others
- **Oct** **[Fieldwire](https://millionrounds.com/company/fieldwire)** Series A · US **$6.6M** With 3 others
- **Oct** **[honestbee](https://millionrounds.com/company/honestbee)** Series A · SG **$15M** With 4 others
- **Oct** **[Zerostack](https://millionrounds.com/company/zerostack)** Series B · US **$16M** With 1 other
- **Oct** **[OpenGov](https://millionrounds.com/company/opengov)** Series B · US **$25M** With 6 others
- **Oct** **[BuildZoom](https://millionrounds.com/company/buildzoom)** Series A · US **$11M** With 1 other
- **Oct** **[Zugata](https://millionrounds.com/company/zugata)** Seed · US **$3.2M** With 2 others
- **Oct** **[Zanbato](https://millionrounds.com/company/zanbato)** Series B · US **$15M** With 1 other
- **Oct** **[Honest Dollar](https://millionrounds.com/company/honest-dollar)** Seed · US **$3.0M** With 5 others
- **Sept** **[Farmigo](https://millionrounds.com/company/farmigo)** Series B · US **$16M** With 2 others
- **Sept** **[NodePrime](https://millionrounds.com/company/nodeprime)** Seed · US **$7.0M** With 6 others
- **Sept** **[Neighborly](https://millionrounds.com/company/neighborly)** Seed · US **$5.5M** With 5 others
- **Sept** **[Aviatrix](https://millionrounds.com/company/aviatrix)** Series A · US **$10M** With 1 other
- **Sept** **[ROOY](https://millionrounds.com/company/rooy)** Seed · US **$3.4M** With 1 other
- **Aug** **[Augury](https://millionrounds.com/company/augury)** Series A · US **$7.0M** With 3 others
- **Aug** **[Owlet Baby Care](https://millionrounds.com/company/owlet-baby-care)** Series A · US **$7.0M** With 7 others
- **Jul** **[light](https://millionrounds.com/company/light)** Series B · US **$25M** With 4 others
- **Jul** **[Radius](https://millionrounds.com/company/radius)** Series F · US **$50M** With 6 others
- **Jul** **[Cazena](https://millionrounds.com/company/cazena)** Series B · US **$20M** With 2 others
- **Jul** **[Plated](https://millionrounds.com/company/plated)** Series B · US **$35M** With 2 others
- **Jul** **[Roniin](https://millionrounds.com/company/roniin)** Seed · US **$3.0M** With 4 others
- **Jul** **[Roam Analytics](https://millionrounds.com/company/roam-analytics)** Series A · US **$9.6M** With 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 registration **7 named**

BW **Bon Woong Koo** Managing Director i Form ADV

BC **Brett Cummings** Executive Officer i Filing they signed

BK **Brian Koo** Managing Member of the General Partner i Filing they signed

JJ **James Jimin Kim** Managing Member of the General Partner i Filing they signed

JL **Joe Lonsdale** Managing Member of the General Partner i Filing they signed

JT **Joseph Todd Lonsdale** Managing Director i Form ADV

LS **Lior Susan** Executive Officer i Filing 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

**$1.9B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture 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 listed **6 in all**

**[NextVR](https://millionrounds.com/company/nextvr)** Bought by [Apple](https://millionrounds.com/fund/apple) **$100M** May 2020

**[AltspaceVR](https://millionrounds.com/company/altspacevr)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** Oct 2017

**[LearnSprout](https://millionrounds.com/company/learnsprout)** Bought by [Apple](https://millionrounds.com/fund/apple) **Undisclosed** Jan 2016

**[Mapsense](https://millionrounds.com/company/mapsense)** Bought by [Apple](https://millionrounds.com/fund/apple) **$25M** Sept 2015

**[RelateIQ](https://millionrounds.com/company/relateiq)** Bought by Salesforce **$390M** Jul 2014

**[Oculus VR](https://millionrounds.com/company/oculus-vr)** Bought by [Facebook](https://millionrounds.com/fund/facebook) **$2.0B** Mar 2014

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

New fund on file

**$439M**

raised in May 2015

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Growth Pre-seed Seed

Median round joined **$17M** the round, not its cheque Alone, median **$57M**

Led 0 of 100 rounds **0%**

- **Sole investor:** 2 rounds
- **Last cheque:** Oct 2019
- **Exits:** 6 from the portfolio

Rounds by stage said on their site

- Series A said *29*
- Series B said *27*
- Seed said *23*
- Series C *7*
- Venture *4*
- Growth said *-*
- Pre-seed said *-*

Cheques by year Led Joined

2012 2019

Often in the room with

- [Founders Fund](https://millionrounds.com/fund/founders-fund) 13
- [AME Cloud Ventures](https://millionrounds.com/fund/ame-cloud-ventures) 12
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) 12
- [General Catalyst](https://millionrounds.com/fund/general-catalyst) 6
- [Cota Capital](https://millionrounds.com/fund/cota-capital) 5
- [Goldcrest Capital](https://millionrounds.com/fund/goldcrest-capital) 5

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## 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 Fund** VC firm **13** rounds together](https://millionrounds.com/fund/founders-fund)[**AME Cloud Ventures** VC firm **12** rounds together](https://millionrounds.com/fund/ame-cloud-ventures)[**Andreessen Horowitz** VC firm **12** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**General Catalyst** VC firm **6** rounds together](https://millionrounds.com/fund/general-catalyst)[**Cota Capital** VC firm **5** rounds together](https://millionrounds.com/fund/cota-capital)[**Goldcrest Capital** VC firm **5** rounds together](https://millionrounds.com/fund/goldcrest-capital)[**Pejman Mar Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/pejman-mar-ventures)[**Slow Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/slow-ventures)[**AITV (Accelerate IT Ventures)** Accelerator **4** rounds together](https://millionrounds.com/fund/aitv-accelerate-it-ventures)[**Google Ventures** Corporate VC **4** rounds together](https://millionrounds.com/fund/gv)[**Great Oaks Venture Capital** VC firm **4** rounds together](https://millionrounds.com/fund/great-oaks-venture-capital)[**Khosla Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/khosla-ventures)

## Recently backed

The latest companies Formation 8 put money into.

[**Aviatrix** $40M · Oct 2019](https://millionrounds.com/company/aviatrix)[**Fieldwire** $34M · Sept 2019](https://millionrounds.com/company/fieldwire)[**Cape Analytics** $17M · Jun 2018](https://millionrounds.com/company/cape-analytics)[**MyMusicTaste** $11M · Nov 2017](https://millionrounds.com/company/mymusictaste)[**Vertical Mass** $5.0M · Oct 2016](https://millionrounds.com/company/vertical-mass)[**Dealpath** $8.0M · Oct 2016](https://millionrounds.com/company/dealpath)

## 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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