Formo - About the company
Formo is a series B company based in Berlin (Germany), founded in 2019 by Britta Winterberg and Raffael Wohlgensinger. It operates as a Platform offering dairy alternative products. Formo has raised $115M in funding from investors like EQT, Lowercarbon Capital and Elevat3 Capital.
Company Details
Platform offering dairy alternative products. The company offers cheese made from animal-free milk proteins. It uses precision fermentation to create animal-free milk proteins and also combines the milk protein with plant-based fats, carbohydrates, and salt to create a concentrated base for the cheese recipe.
- Website
- formo.bio
- Social
- Email ID
- *****@formo.bio
Key Metrics
Founded Year
2019
Location
Berlin, Germany
Stage
Series B
Total Funding
$115M in 4 rounds
Latest Funding Round
Ranked
1st among 2 active competitors
Employee Count
83 as on Jul 31, 2026
Similar Companies
Legal entities associated with Formo
Formo is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Formo Bio GmbH CIN: HRB204002 , Germany, Active | Feb 17, 2019 | - | - | |
LegenDairy Foods GmbH CIN: HRB204002 , Germany, Active | Feb 17, 2019 | - | - |
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Formo's funding and investors
Formo has raised a total funding of $115M over 4 rounds. Its first funding round was on Dec 20, 2019. Its latest funding round was a Venture Debt round on Jan 14, 2025 for $*****. 1 investor participated in its latest round. Formo has 25 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Formo:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 14, 2025 | 7531136 | Venture Debt | 7614577 | 5686887 | 6760828 | 1750204 |
Sep 10, 2024 | 2106253 | Series B | 6354920 | 6082914 | 9529586 | |
Sep 13, 2021 | 1345251 | Series A | 7271028 | 6144497 |
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Formo's founders and board of directors
Founder? Claim ProfileThe founders of Formo are Britta Winterberg and Raffael Wohlgensinger.
Here are the details of Formo's key team members:
- Britta Winterberg: Former Co-Founder of Formo and founder of 1 other company.
- Raffael Wohlgensinger: Co-Founder & CEO of Formo.
View details of Formo's Founder profiles and Board Members
Formo's employee count trend
Formo has 83 employees as of Jul 26. Here is Formo's employee count trend over the years:
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Formo's Competitors and alternates
Top competitors of Formo include Bumme, There is a bee on the roof and GREEN EDGE. Here is the list of Top 10 competitors of Formo, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Platform offering dairy alternative products | $115M | 45/100 | ||
2nd | Internet first brand offering multi-category flavoured alternative milk products | - | 22/100 | ||
3rd |  There is a bee on the roof 2018, Hamburg (Germany), Deadpooled | Brands of plant based products | - | - | 17/100 |
4th |  GREEN EDGE 2014, Berlin (Germany), Deadpooled | Manufactures and markets plant-based protein shake | - | - | 15/100 |
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Formo's Investments and acquisitions
Formo has made no investments or acquisitions yet.
Reports related to Formo
Here is the latest report on Formo's sector:
News related to Formo
Filter this list•
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Formo Secures €35M From European Investment Bank to Scale Animal-Free Cheese & EggsVegan Business Magazine•Jan 14, 2025•Eatformo, European Investment Bank, Formo, Europa
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The Rewe Group advises YPOG at $ 61 million financing round of FormoRecht•Sep 16, 2024•YPOG, REWE, Formo
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Food start-up Formo secures media-for-equity deal with SevenVenturesVenture Capital magazine•Sep 12, 2024•Formo, SevenCommerce & Ventures
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Formo raises $61m Series B, launches cheese alternatives featuring koji: ‘We aim to become a real challenger brand’AgFunderNews•Sep 10, 2024•Formo, FoodLabs, EQT Ventures, Lowercarbon Capital and 13 others
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Billionaire Zara founder pays €327 million for Italy logisticsFashion Network•Sep 10, 2024•Formo, EQT Ventures, REWE
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BlueNalu Closes $33.5M Series B, Expands Strategic Partnerships Across APAC RegionGlobal AgInvesting•Oct 11, 2023•BlueNalu, Agronomics, Meatable, Geltor and 4 others
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Brain Biotech and Formo join forces to scale production of animal-free milk proteinFoodIngredientsFirst•Feb 08, 2022•BRAIN, Formo
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