When was Forma founded?

Forma was founded in 2017 and raised its 1st funding round 2 years after it was founded.

Where is Forma located?

Forma is headquartered in Fremont, United States. It is registered at Ropažu nov., Garkalnes pag., Bukulti, Atpūtas iela 1 - 4.

Who is the current CEO of Forma?

Jason Fan of Forma. They have also founded 1 company.

How many employees does Forma have?

As of Sep 30, 2026, the latest employee count at Forma is 212.

Is Forma a funded company?

Forma is a funded company, having raised a total of $57.6M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 14, 2019.

When was the latest funding round of Forma?

Forma's latest funding was a $***** Series B round on Mar 08, 2022, with participation from 9 investors.

Where does Forma rank among its competitors?

Forma ranks 48th amongst 1143 active competitors, of which 233 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Ekincare, which secured $1.01M in Jan, 2026.

Who are the top competitors of Forma?

Forma's top competitors include Hinge Health, Ekincare and Sharecare. Among them, Ekincare secured the most recent funding round in January, 2026.

Forma - 2026 Company Profile, Team, Funding & Competitors

Forma is a series B company based in Fremont (United States), founded in 2017 by Max Hsieh and Jason Fan. It operates as a Provider of platform for managing flexible employee benefits and spending accounts. Forma has raised $57.6M in funding from Ribbit Capital. The company has 1143 active competitors, including 233 funded and 138 that have exited. Its top competitors include companies like Hinge Health, Ekincare and Sharecare.

Company Details

Provider of platform for managing flexible employee benefits and spending accounts. The platform enables employees to select benefits that align with their needs. It offers tools for personalized benefits, claims administration, and budget management. The platform supports pre-tax and post-tax spending accounts, including lifestyle spending and health reimbursement arrangements.

Website: www.joinforma.com/
Social
Email ID: *****@joinforma.com
Registered Address: Ropažu nov., Garkalnes pag., Bukulti, Atpūtas iela 1 - 4

Key Metrics

Founded Year

2017

Location

Fremont, United States

Stage

Series B

Total Funding

$57.6M in 5 rounds

Latest Funding Round

Series B, Mar 08, 2022, $*****

Investors

Ribbit Capital & 11 more

Ranked

48^th among 1143 active competitors

Employee Count

212 as on Sep 30, 2026

Similar Companies

Ekincare & 1193 more

View Forma's full profile

Forma is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FORMA CIN: 44103128453 , Latvia, Active	Sep 23, 2019	€1M - €10M (As on Dec 31, 2024)	5 (As on Dec 31, 2022)	-

Forma has raised a total funding of $57.6M over 5 rounds. Its first funding round was on Mar 14, 2019. Its latest funding round was a Series B round on Mar 08, 2022 for $*****. 9 investors participated in its latest round. Forma has 9 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Forma:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 08, 2022	2780107	Series B	8701857	3315317	2720370	7512482
2020	2746	Series A	6598	7512	3846	Emergence Capital
Nov 01, 2019	6593831	Grant (prize money)	7478109	6323113	9349227	Europa

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View details of Forma's funding rounds and investors

The founders of Forma are Max Hsieh and Jason Fan. Jason Fan is the CEO of Forma.

Here are the details of Forma's key team members:

Max Hsieh: Co-Founder & CTO of Forma and founder of 2 other companies, Evolve and Twic.
Contact Info: 2 email addresses
Jason Fan: Co-Founder & CEO of Forma and founder of 2 other companies, Evolve and Twic.
Contact Info: 2 email addresses

View details of Forma's Founder profiles and Board Members

Forma's employee count trend

Forma has 212 employees as of Sep 26. Here is Forma's employee count trend over the years:

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Top competitors of Forma include Hinge Health, Ekincare and Sharecare. Here is the list of Top 10 competitors of Forma, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Hinge Health 2015, San Francisco (United States), Public	Provider of virtual physical therapy and digital pain care solutions	$854M	Tiger Global Management, Coatue & 14 others	84/100
2nd	Ekincare 2015, Hyderabad (India), Series B	Provider of employee health benefits platform offering health and wellness programs	$28M	Ventureast, HealthQuad & 43 others	79/100
3rd	Sharecare 2010, United States, Acquired	Provider of health and wellness social network for employees	$64M	Trinity Health, Summit Partners & 25 others	79/100
4th	Castlight 2008, San Francisco (United States), Acquired	Cloud-based healthcare information on providers and pricing for enterprises	$181M	T. Rowe Price, Redmile Group & 10 others	76/100
5th	Optum 2008, Chennai (India), Acquired	Provider of integrated healthcare services encompassing care delivery, financial solutions, and pharmacy services	-	Insight Partners, Riata Capital	75/100
6th	Sword Health 2015, New York (United States), Series E	Provider of AI-powered digital physical therapy and pelvic health solutions	$450M	Khosla Ventures, General Catalyst & 39 others	75/100
7th	Wellhub 2012, New York City (United States), Series F	Cloud based corporate wellness program for employee health, productivity, and retention	$85M	EQT, General Atlantic & 22 others	75/100
8th	HealthEquity 2002, Draper (United States), Public	Employee benefits management platform for individuals and businesses	$15.3M	Berkley Capital, Napier Park Global Capital ... & 4 others	74/100
9th	Accolade 2007, Plymouth Meeting (United States), Acquired	Cloud-based platform for employee health benefits	$228M	McKesson, Andreessen Horowitz & 17 others	74/100
10th	Healthee 2021, New York City (United States), Series B	AI-powered health benefits application for healthcare services	$84M	Glilot Capital Partners, Fin Capital & 8 others	73/100
48th	Forma 2017, Fremont (United States), Series B	Provider of platform for managing flexible employee benefits and spending accounts	$57.6M	Emergence Capital, Advisors.Fund & 10 others	62/100