United States · Investor

Formation Group

Last cheque observed Sep 2016. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietNew fund $233M, Feb 2017VC firm

Series BSeries CEnergyHealth CareVenture Capital & Private Equity

Cheques on record
0%of best year0cheques in 12 months, 3 on record
Since the last cheque3700days00hrs00min00sec
Median round$70MRounds led1 of 3Sole investor1 roundsExits1 from the portfolio
Pitch Formation Group

Formation Group highlights

  1. 01

    3 rounds on record

  2. 02

    Mostly Series B and Series C: 100% of its rounds

  3. 03

    Sole investor in 1 rounds, median $70M

  4. 04

    1 exits from the portfolio

What they do

Type
VC firm (from a list, unverified)
Cheque size
Not stated
Sectors
EnergyHealth CareVenture Capital & Private Equity
Based in
Palo Alto, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first3 appearances

  1. 2016

    3 rounds

  2. Sept
    Memebox$66MLed
  3. Aug
    MemeboxSeries C · KR · FinSMEs$70MSole investor
  4. Aug
    NextVRSeries B · US · FinSMEs$80MWith 22 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 registration2 named

BWBon Woong KooManaging Member of the General PartneriFiling they signed
GWGideon Woong YuManaging Member of General PartneriFiling they signed

We also hold 5 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.

Exits from the portfolio

Companies it backed that were later bought or listed1 in all

NextVRBought by Apple$100MMay 2020

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 Group. A count of rooms they were both in, not a relationship either has claimed.

Quick answers about Formation Group

What does Formation Group invest in?

Formation Group invests most often at Series B and Series C (100% of the rounds on record), in sectors such as Energy, Health Care and Venture Capital & Private Equity.

How active is Formation Group?

3 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Sept 2016.

What has Formation Group invested in recently?

Its most recent investments on record: Memebox (Sept 2016) and NextVR (Series B, Aug 2016).

How big are Formation Group's cheques?

The median round it joins is $70M.

Is Formation Group investing now?

No investments in the last 12 months; the latest was in Sept 2016.

Who does Formation Group invest alongside?

Most often Formation 8 (2 rounds together).

What kind of investor is Formation Group?

Formation Group is a VC firm based in Palo Alto, United States.

Has Formation Group raised a new fund?

Its latest fund filing with the SEC was in Feb 2017, reporting $233M raised.

Raising now?

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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