Formsite Raises $20M in Series A

Formsite has successfully raised $20M in a Series A at a $120M valuation led by Unknown.

Company Overview

Formsite is a Enterprise Software company headquartered in Oakbrook, IL, founded in 1998 with 60+ employees.

Online form and survey builder

Fundraising Details

Amount Raised: $20M
Round Type: Series A
Valuation: $120M
Date: 2024-12-01
Investors: Unknown

About Formsite

Online form and survey builder The company is positioned in the Enterprise Software sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Oakbrook, IL
Founded: 1998
Team Size: 60+
Industry: Enterprise Software

What This Means

This funding round demonstrates strong investor confidence in Formsite'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. Formsite's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $120M valuation marks an important milestone for Formsite, positioning the company among notable players in the Enterprise Software industry.

Looking Ahead

With this new capital, Formsite 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 2024-12-01. For more information about Formsite, visit their headquarters at Oakbrook, IL.