Recent Funding
Investors
Formus Capital

Formus Capital portfolio

Formus Capital has 4 portfolio companies on record at Recent Funding, with 2 investments in the last 12 months.

Website: formuscap.com.

Type: Venture capital.

Portfolio on Recent Funding: 4.

Deals, last 12 months: 2.

Capital in their rounds: $136.35M.

Latest deal: Letter AI · Feb 24, 2026.

About this page

It is a venture capital firm. Its most recent investment on record is Letter AI's $40M Series B+ round in February 2026, alongside Y Combinator, Northwestern Mutual Future Ventures, Stage 2 Capital and 2 others. By category, its portfolio leans toward Fintech (2) and AI coding and devtools (1). It has co-invested with Y Combinator, Lightbank and Stage 2 Capital, most often Y Combinator (3 rounds).

About Formus Capital

Firm type: Venture capital.

Stages: Seed, Series A.

Sectors: AI & Machine Learning, Data & Infrastructure, Enterprise Software, Fintech, SaaS.

Leads rounds: No.

Portfolio companies: 37.

Exits: 0.

Rounds led: 0.

What Formus Capital invests in

Fintech · 2 · 50%
AI coding and devtools · 1 · 25%
AI agents · 1 · 25%
Data and analytics · 1 · 25%
Developer tools and cloud · 1 · 25%
Legal and compliance · 1 · 25%
HR and recruiting · 1 · 25%

Formus Capital recent investments

Company	Round	Date	Alongside
LLetter AI	Series B+ · $40M	Feb 24, 2026	Y Combinator, Northwestern Mutual Future Ventures, Stage 2 Capital +2
SSapiom	Seed · $15.75M	Feb 8, 2026	Gradient Ventures, Plug and Play, Array Ventures +6
LLetter AI	Series A · $10.6M	Oct 21, 2025	Y Combinator, Northwestern Mutual Future Ventures, Stage 2 Capital (lead) +2
PPostHog	Series B+ · $70M	Jun 9, 2025	Stripe (lead), Y Combinator, GV

How Formus Capital invests

Stage	Deals	Capital in rounds
Series B+	2 50%	$110M
Seed	1 25%	$15.75M
Series A	1 25%	$10.6M

Year	Deals	Capital in rounds
2025	2 50%	$80.6M
2026	2 50%	$55.75M

Formus Capital portfolio companies

LLetter AI$40MSeries B+ · Feb 2026
SSapiom$15.75MSeed · Feb 2026
PPostHog$70MSeries B+ · Jun 2025
EEverybacker

Company	Round with Formus Capital	Total raised	Latest raise
LLetter AI	Feb 24, 2026 Series B+ · $40M	$51.1M	Feb 24, 2026 Series B+
SSapiom AI coding and devtools	Feb 8, 2026 Seed · $15.75M	$50.75M	Aug 5, 2026 Series A
PPostHog Data and analytics	Jun 9, 2025 Series B+ · $70M	$160M	Sep 29, 2025 Series B+
EEvery Legal and compliance	backer	$23M	Sep 12, 2024 Series A

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Fintech).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-09, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Share is of the 4 rounds on Recent Funding that name Formus Capital. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Formus Capital, which is a subset of its real portfolio. API: /api/v1/investors/formus-capital (get a free API key). More: the most active VC firms and new venture capital funds.