Formarum
2012
FOUNDED
PRIVATE
STATUS
1-10
EMPLOYEES
Early Stage VC
LATEST DEAL TYPE
4
INVESTORS
Description
Developer of a micro-turbine technology designed to harness the energy of small-scale fluid infrastructure. The company's micro-turbine technology Dive is an automatic water disinfection and sensitization device to improve water quality of swimming pool and spa without using chemical products, enabling users to extract the power from inline flowing water and redeploy this energy in a variety of ways to create customer value.
Website
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Electrical Equipment
Other Industries
Electronics (B2C)
Primary Office
- 640 Ellicott Street
- Suite 108
- Buffalo, NY 14203
- United States
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Formarum Valuation and Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 6. Early Stage VC | 12-Dec-2017 | 00000 | Completed | Generating Revenue | ||
| 5. Accelerator/Incubator | 27-Dec-2016 | 00000 | 00000 | Completed | Startup | |
| 4. Seed Round | 0000 | 00000 | Completed | Startup | ||
| 3. Angel (individual) | 04-Apr-2014 | 00000 | 00000 | Completed | Startup | |
| 2. Seed Round | 14-Nov-2013 | Completed | Startup | |||
| 1. Grant | $300K | Completed | Startup |
Formarum Investors (4)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Board Seat |
Contact Info |
|---|---|---|---|---|---|---|
| OneTen Capital | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| 43North | Accelerator/Incubator | 000 0000 | 000000 0 | |||
| Ontario Centres of Excellence | Government | Minority | 000 0000 | 000000 0 | ||
| Ryerson DMZ | Accelerator/Incubator | 000 0000 | 000000 0 |