Formulary Financial provides end-to-end fund administration—covering accounting, reporting, compliance, audit, capital activity, and investor communications—through a single AI-driven platform. By unifying internal and external data sources, the software creates an auditable “one source of truth” and delivers real-time reporting to both general partners and limited partners. Embedded AI automates repetitive reconciliation tasks, freeing accountants to focus on higher-value advisory work. Early clients and design partners already manage billions of dollars in assets under management, using the platform to reduce manual effort and accelerate reporting cycles. The company positions its technology as a replacement for error-prone spreadsheets and legacy systems that dominate the $23 trillion private-markets sector. Formulary was founded in 2025 and is headquartered in New York City. Backed by prominent venture investors, the firm emerged from stealth in January 2026 with fresh capital to expand product capabilities and client reach.

Total raised

$5M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2026