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Formstack - About the company

Formstack is a series D company based in Indianapolis (United States), founded in 2006. It operates as a Cloud-based workflow automation software for enterprises. Formstack has raised $425M in funding from Silversmith and PSG, with a current valuation of $*****. The company has 7698 active competitors, including 545 funded and 514 that have exited. Its top competitors include companies like Automattic, Airtable and Box.

Company Details

Cloud-based workflow automation software for enterprises. It is a workplace productivity platform that offers tools to build form and workflows that allows businesses to collect information and automate processes. It provides features such as electronic signature and document automation, data and template management, task scheduling, etc. It can be integrated with CRMs, sales automation platforms, workspace, etc. The offering sectors include healthcare, IT, government, legal, real estate, etc. It is a tool available on the subscription based pricing model.
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Email ID
*****@formstack.com
Phone Number
+1 **********
Registered Address
11671 Lantern Road, Ste. 300, Fishers, IN 46038.
Key Metrics
Founded Year
2006
Location
Indianapolis, United States
Stage
Series D
Total Funding
$425M in 1 round
Latest Funding Round
Post Money Valuation
$***** as on Jan 01, 2024
Investors
Ranked
Employee Count
226 as on May 31, 2026
Investment & Acquisitions
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Formstack's funding and investors

Formstack has raised a total funding of $425M over 1 round. Its latest funding round was a Series D round on Nov 18, 2021 for $*****. 3 investors participated in its latest round. Formstack has 5 institutional investors.

Here is the list of recent funding rounds of Formstack:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Nov 18, 2021
4640343
Series D
8667642
7696446
2096764
9950939
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Formstack's founders and board of directors

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Formstack's employee count trend

Formstack has 226 employees as of May 26. Here is Formstack's employee count trend over the years:
Employee count trend for Formstack
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Formstack's Competitors and alternates

Top competitors of Formstack include Automattic, Airtable and Box. Here is the list of Top 10 competitors of Formstack, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Automattic
Automattic
2005, San Francisco (United States), Series E
Developer of open-source content management system
$896M
85/100
2nd
Logo for Airtable
Airtable
2013, San Francisco (United States), Acquired
Cloud and AI based low code workflow and app development platform
$1.35B
82/100
3rd
Logo for Box
Box
2005, Redwood City (United States), Public
AI based platform for secure collaboration, content management, and workflow
$693M
80/100
4th
Logo for The Access Group
The Access Group
1991, Loughborough (United Kingdom), Late Stage
Provider of business management software for diverse commercial industry sectors
$1.49B
79/100
5th
Logo for Kaltura
Kaltura
2006, New York City (United States), Public
Provider of video solutions for webinars, events, hubs, and virtual classrooms
$145M
78/100
6th
Logo for Glean
Glean
2019, San Francisco (United States), Series F
Cloud-based platform for enterprise search
$765M
77/100
7th
Logo for Visma
Visma
1996, Oslo (Norway), Acquired
Developer of cloud software for business management and accounting tasks
-
77/100
8th
Logo for Digio
Digio
2016, Bengaluru (India), Seed
Provider of digital solutions for KYC, document management, and digital signatures
$11.9M
72/100
9th
Logo for Pipefy
Pipefy
2015, San Francisco (United States), Series C
SaaS-based workflow and task management solution provider
$149M
72/100
10th
Logo for Acquia
Acquia
2007, Boston (United States), Acquired
Provider of a digital experience platform for content, community, and commerce
$174M
71/100
119th
Logo for Formstack
Formstack
2006, Indianapolis (United States), Series D
Cloud-based workflow automation software for enterprises
$425M
53/100
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Formstack's Investments and acquisitions

Formstack has not made any investments yet. Formstack has made 6 acquisitions.
Here is the list of latest three $acquisitions:lockFilter this list
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Jun 11, 2024
Acquisition
2019
Los Angeles (United States)
Dec 11, 2023
Acquisition
1998
Downers Grove (United States)
Jul 10, 2019
Acquisition
2011
Charleston (United States)
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Reports related to Formstack

Here is the latest report on Formstack's sector:

News related to Formstack

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•
Formstack rebrands, relocates from Fishers to ColoradoIndianapolis Business Journal•Jun 26, 2025•Formstack, Intellistack
•
Formstack Acquires Open RavenFinSMEs•Jun 12, 2024•Formstack, Open Raven, Weil
•
Fishers-based tech firm Formstack hires new CEOInside INdiana Business•Dec 06, 2023•Formstack
•
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