$1.2M sweet spot round size
Most of their 32 investments are in rounds between $2M and $19M
2014
SonoThera raised $61M on December 5, 2022
Investors: Medical Excellence Capital, LLC, Illumina Ventures, Foothill Ventures, Vertex Ventures HC, ARCH Venture Partners, Wilson Sonsini Goodrich & Rosati and Formic Ventures
CheMastery Group Ltd raised undisclosed on November 13, 2022
Investors: Kadmos Capital Ltd, Undeterred Capital, Fink Family Office, HERMESA, Key Ventures, Dhyan ventures, Science Angel Syndicate, Elbow Beach Capital, Cur8 Capital and Formic Ventures
Arpeggio Bio raised $17M on September 7, 2022
Investors: FundersClub, Tencent, Tau Ventures, Khosla Ventures and Formic Ventures
Sampling Human raised $2M on April 12, 2022
Investors: i&i Biotech Fund, Longevitytech.fund and Formic Ventures
Turn Biotechnologies raised undisclosed on April 11, 2022
Investors: Khosla Ventures, Shanda Group, ThreeD Capital Inc., Astellas Venture Capital L.L.C., LongeVC, HanAll BioPharma Co., Ltd, Methuselah Fund and Formic Ventures
Undisclosed raised $19M on February 27, 2022
Investors: Global Founders Capital, Stripes Group and Formic Ventures
Aviron Interactive raised $19M on February 23, 2022
Investors: Stripes Group, Global Founders Capital and Formic Ventures
Multiomic Health raised $1.4M on February 7, 2022
Investors: OpenNano, Pareto Holdings and Formic Ventures
Framework raised $18M on February 1, 2022
Investors: Pathbreaker Ventures, Anorak Ventures, Spark Capital and Formic Ventures
Xcell Biosciences raised $28M on January 19, 2022
Investors: Casdin Capital, LLC, Labcorp, Viking Global Investors and Formic Ventures