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Formarum

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.

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
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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

Formarum Executive Team (3)

Name Title Board
Seat
Contact
Info
Seyed Nourbakhsh Founder & Chief Executive Officer
Maria Nour Chief Operating Officer & Business Development Manager
Moe Dini Chief Technology Officer