Founded Year

2013

Stage

Series D | Alive

Total Raised

$610.3M

Last Raised

$372M | 1 yr ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-29 points in the past 30 days

About Formation Bio

Formation Bio focuses on improving drug development within the pharmaceutical industry. The company specializes in acquiring clinical-stage assets and using its proprietary technology platform to enhance the drug development process. Formation Bio serves the pharmaceutical and biotech sectors, working to connect medical research and patient access to new treatments. Formation Bio was formerly known as TrialSpark. It was founded in 2013 and is based in New York, New York.

Headquarters Location

16 East 34th Street Floor 10

New York, New York, 10016,

United States

443-277-1832

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ESPs containing Formation Bio

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare & Life Sciences / Drug R&D Tech

The trial recruitment optimization tools market streamlines the process of finding and enrolling participants in clinical trials. These platforms offer tech-enabled solutions to quickly match potential participants with suitable clinical trials, from marketplaces to proprietary databases. By automating the identification, pre-screening, and matching of candidates to specific trials, these systems …

Formation Bio named as Leader among 15 other companies, including Microsoft, Amazon, and Salesforce.

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Research containing Formation Bio

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Formation Bio in 3 CB Insights research briefs, most recently on Jan 16, 2025.

Expert Collections containing Formation Bio

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Formation Bio is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,309 items

D

Digital Health

12,122 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

A

Artificial Intelligence (AI)

20,894 items

Latest Formation Bio News

Adarx names Shawver chair

Sep 20, 2025

Adarx names Shawver chair Plus: Formation bolsters team and updates from Spyglass, Generate, Achieve, Sangamo, X4, Neumirna, Worldwide Clinical Trials, Mink By BioCentury Staff September 19, 2025 7:46 PM UTC San Diego-based RNA therapeutics company Adarx Pharmaceuticals Inc. appointed Laura Shawver as chair. Shawver was CEO of Capstan Therapeutics Inc., which AbbVie Inc. (NYSE:ABBV) acquired in June for up to $2.1 billion. That was the second 10-figure buyout for Shawver; she was also president and CEO of Synthorx Inc. through its $2.5 billion acquisition by Sanofi (Euronext:SAN; NASDAQ:SNY), announced in 2019. Shawver chairs Danish antibody-drug conjugate company Adcendo ApS. Formation Bio hired Louis Brenner as CMO and Daniel Neil as CTO, and added a pair of new senior advisers. Brenner was president and CEO of Hopewell Therapeutics Inc., while Neil was chief data officer at Tessera Therapeutics Inc. Frank D’Amelio and Dashyant Dhanak joined as strategic advisers and members of the company’s Investment Advisory Committee, with D’Amelio being named co-chair. Formation acquires clinical candidates that it develops in-house using an AI process with a goal of faster and more efficient drug development... BCIQ Company Profiles

Formation Bio Frequently Asked Questions (FAQ)

  • When was Formation Bio founded?

    Formation Bio was founded in 2013.

  • Where is Formation Bio's headquarters?

    Formation Bio's headquarters is located at 16 East 34th Street, New York.

  • What is Formation Bio's latest funding round?

    Formation Bio's latest funding round is Series D.

  • How much did Formation Bio raise?

    Formation Bio raised a total of $610.3M.

  • Who are the investors of Formation Bio?

    Investors of Formation Bio include Sequoia Capital, Thrive Capital, Emerson Collective, Lachy Groom, Sanofi and 22 more.

  • Who are Formation Bio's competitors?

    Competitors of Formation Bio include ObvioHealth, MedVector, Biorce, Castor, Virgo Surgical Video Solutions and 7 more.

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Compare Formation Bio to Competitors

Castor Logo
Castor

Castor operates within the healthcare sector and provides a clinical trial platform designed for the design, deployment, patient engagement, data collection, and analysis of clinical trials. The platform is adaptable and can meet the requirements of different stakeholders in the clinical research process. It primarily serves the healthcare sector. The company was founded in 2012 and is based in Amsterdam, Netherlands.

Reify Health Logo
Reify Health

Reify Health provides digital solutions and infrastructure within the healthcare and pharmaceutical sectors to support the clinical trials ecosystem. The company offers cloud-based software aimed at trial enrollment processes and supplies the infrastructure required for clinical research. Reify Health serves biopharma companies, research clinics, and healthcare and community organizations. Reify Health was formerly known as ZeroSum Health. It was founded in 2012 and is based in Boston, Massachusetts.

Medable Logo
Medable

Medable specializes in the development of decentralized clinical trial software and electronic Clinical Outcome Assessment (eCOA) solutions within the healthcare technology sector. The company's platform provides tools for remote monitoring, data collection, and trial management, utilizing artificial intelligence (AI) to improve processes in clinical research. Medable serves the pharmaceutical and biotechnology industries, including mid to large pharma, emerging biotech firms, and contract research organizations (CROs). Medable was formerly known as Dermatrap. It was founded in 2012 and is based in Palo Alto, California.

Bloqcube Logo
Bloqcube

Bloqcube specializes in clinical trial management software within the life science industry. Its platform aggregates data in real-time and aims to assist small and midsize life-science companies. Bloqcube's services are directed towards the life science sector, focusing on clinical trials. It was founded in 2017 and is based in Piscataway, New Jersey.

Curebase Logo
Curebase

Curebase is a company that provides an eClinical platform in the clinical research sector, offering tools such as electronic patient-reported outcomes (ePRO), electronic clinical outcome assessments (eCOA), electronic consent (eConsent), and electronic data capture (EDC) systems. The platform is designed for study launches, data collection, and participant engagement. It was founded in 2017 and is based in San Francisco, California.

Medidata Logo
Medidata

Medidata specializes in providing a unified platform for clinical research within the life sciences sector. The company offers a range of products and solutions designed to streamline clinical trials, including data management, clinical operations, and patient engagement technologies. Medidata's platform serves various sectors, including biopharmacy, medical device companies, and academic research organizations. It was founded in 1999 and is based in New York, New York.

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