# Formation Group: portfolio, investments and team > Formation Group is a vc firm based in United States. 3 investments on record, latest Sept 2016. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/formation-group (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Formation Group Last cheque observed Sep 2016. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet New fund $233M, Feb 2017 VC firm Series B Series C Energy Health Care Venture Capital & Private Equity Cheques on record **0%** of best year **0** **cheques in 12 months**, 3 on record Since the last cheque **3700** days **00** hrs **00** min **00** sec Median round **$70M** Rounds led **1 of 3** Sole investor **1 rounds** Exits **1 from the portfolio** Pitch Formation Group ## Formation Group highlights - 01 3 rounds on record - 02 Mostly Series B and Series C: 100% of its rounds - 03 Sole investor in 1 rounds, median $70M - 04 1 exits from the portfolio ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Energy Health Care Venture Capital & Private Equity - **Based in:** Palo Alto, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **3 appearances** - **2016** 3 rounds - **Sept** **[Memebox](https://millionrounds.com/company/memebox)** **$66M** *Led* - **Aug** **[Memebox](https://millionrounds.com/company/memebox)** Series C · KR · FinSMEs **$70M** Sole investor - **Aug** **[NextVR](https://millionrounds.com/company/nextvr)** Series B · US · FinSMEs **$80M** With 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 registration **2 named** BW **Bon Woong Koo** Managing Member of the General Partner i Filing they signed GW **Gideon Woong Yu** Managing Member of General Partner i Filing 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 listed **1 in all** **[NextVR](https://millionrounds.com/company/nextvr)** Bought by [Apple](https://millionrounds.com/fund/apple) **$100M** May 2020 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$233M** raised in Feb 2017 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Series B Series C Median round joined **$70M** the round, not its cheque Alone, median **$70M** Led 1 of 3 rounds **33%** - **Sole investor:** 1 rounds - **Last cheque:** Sept 2016 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Series B *1* - Series C *1* Often in the room with - [Formation 8](https://millionrounds.com/fund/formation-8) 2 **Pitching Formation Group?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## 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. [**Formation 8** VC firm **2** rounds together](https://millionrounds.com/fund/formation-8) ## 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? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=formation-group) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=formation-group)