Formidable Forms Raises $15M in Series A

Formidable Forms has successfully raised $15M in a Series A at a $90M valuation led by Unknown.

Company Overview

Formidable Forms is a Enterprise Software company headquartered in San Diego, CA, founded in 2011 with 50+ employees.

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Fundraising Details

Amount Raised: $15M
Round Type: Series A
Valuation: $90M
Date: 2024-06-01
Investors: Unknown

About Formidable Forms

WordPress forms plugin The company is positioned in the Enterprise Software sector, serving a growing market with innovative solutions.

Key Information

Headquarters: San Diego, CA
Founded: 2011
Team Size: 50+
Industry: Enterprise Software

What This Means

This funding round demonstrates strong investor confidence in Formidable Forms's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Enterprise Software sector continues to attract significant investment as companies innovate to meet evolving market demands. Formidable Forms's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $90M valuation marks an important milestone for Formidable Forms, positioning the company among notable players in the Enterprise Software industry.

Looking Ahead

With this new capital, Formidable Forms is well-positioned to execute on its growth strategy and continue building innovative solutions in the Enterprise Software space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-06-01. For more information about Formidable Forms, visit their headquarters at San Diego, CA.