Who invested in Formalize

2 rounds we have observed, with the 7 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

RegtechSaaSSoftware

Raised 12 months ago

Funding summaryUpdated 26 Oct 2026

$51Mraised across 2 rounds since 2024, from 3 sources

$16MGrowth$35MSeries B

Latest round: Series B, $35MOct 2025
Led by: Acton Capital and BlackFin Capital Partners
Step-upi: 2.2×
Investors: 7 (3 led)

See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2025

$16MGrowth$35MSeries B

First round: Growth, $16M
Biggest round: $35M
Between rounds: 20 months

The rounds

Oct 2025
Series B$35M5 new1 returning
Reported by Silicon Canals and 1 other
Mar 2024
Growth$16M2 new
- Blackfin Capital PartnersLead
- West Hill Capital
Reported by West Hill Capital

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Growth2024Series B2025

West Hill Capital

Acton CapitalL

BlackFin Capital PartnersLBlackfin Capital PartnersL

Fin Capital

CIBCCIBC Innovation Banking

Everyone who backed them

West Hill CapitalPrivate equity2rounds

Acton CapitalVC firm1round, led 1

BlackFin Capital PartnersPrivate equity1round, led 1

Blackfin Capital PartnersVC firm1round, led 1

Fin CapitalPrivate equity1round

CIBCVC firm1round

CIBC Innovation BankingVC firm1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Formalize

Who invested in Formalize?

Formalize's investors include West Hill Capital, Acton Capital, BlackFin Capital Partners, Blackfin Capital Partners and Fin Capital, and 2 more on record. Acton Capital led its latest round.