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Formidium

Formidium

Private
Downers Grove, IllinoisFinTechhttps://www.formidium.com/

Last Round

Convertible Debt

Nov 18, 2021

Total Funding Raised

$3.5M

Momentum

Top 25%

of companies Caplight tracks

Company Overview

Formidium is a financial technology company that provides fund administration services and proprietary back-office technology for alternative investment funds.

Sector

FinTech

Verticals

Wealth Management, Accounting & Expense, Compliance & Risk, Document Management

Business Model

B2B

Customer Profile

Services & Consulting, Subscription SaaS

AI Layer

Application

Keywords

fund administrationfund accountingback-office softwareinvestor onboardingNAV reportingassets under administrationAUAfund admin techautomated reconciliationregulatory reportingvertical SaaSinvestment operationsfintech back-officesubscription managementAI-powered accounting

Historical Pricing

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Formidium Comparables

Compare Formidium with similar companies based on industry and business-model similarity.

Formidium comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Opus Fund Services
86%
NAV Fund Services
82%
Petra Funds Group
81%

Formidium Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Convertible DebtNov 18, 2021

Key People

Founding team and executive leadership

Manish Sudrania

Co-Founder, Co-Founder & Chief Infra Officer

Founding Team

Nitin Somani

CEO

Executive Team

Formidium Investors

Notable investors and investment history

Formidium investors
InvestorRounds
Woodstock FundConvertible Debt
Bodhi Tree Asset ManagementConvertible Debt

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jul 24, 2026

    Monthly visitors increased 101% MoM.

  • Feb 25, 2026

    Opened new offices in Europe with support from gunnercooke.

Recent news

Latest coverage and updates

  • launchesSep 23, 2026

    Formidium Corp. launched Arya at TechCrunch Disrupt on Sep 23rd '26.

  • attends_eventSep 23, 2026

    Formidium Corp. attended event TechCrunch Disrupt on Sep 23rd '26.

  • recognized_asJul 8, 2026

    Formidium Corp. recognized as Best Administrator - Innovation at Hedge Fund Services Awards | APAC 2026 on Jul 8th '26.

Formidium Filings

Explore SEC and related filing metadata, where available.

Formidium filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Formidium's valuation, stock price, and market status.

Is Formidium a public or private company?

Formidium is a private company.

What is the current stock price of Formidium?

Formidium is a private company with no public stock price. No recent secondary market data is available.

How much is Formidium worth (valuation)?

Valuation information for Formidium is not publicly available.

Can I buy Formidium stock?

Formidium shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors. Visit https://www.caplight.com to learn more.

When was Formidium's last funding round?

Formidium's most recent funding round was Convertible Debt on November 18, 2021.

Who are the main investors in Formidium?

Key investors in Formidium include Woodstock Fund.

Will Formidium IPO soon?

No public IPO plans have been announced for Formidium.

How can I track Formidium secondary market activity?

Caplight tracks bids, offers, and trades for private companies. Visit https://www.caplight.com to monitor Formidium's secondary market activity and sign up for updates.

Firmographic Details

HeadquartersDowners Grove, Illinois
Employee Range442
Year Founded2016
Last FundingNov 18, 2021

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