F8
Formation 8
Venture capital firm · Founded 2011 · Active in 2026
Formation 8 is a venture capital firm based in USA, founded in 2011. The page below shows 18 Power Law outcomes from Formation 8's portfolio — 18 unicorns ($1B+ valuation) and 0 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).
Outcomes are concentrated in Fintech · Health Tech & Medtech · Biotech & Life Sciences; top portfolio geographies are USA · South Korea · Israel. Formation 8 ranks #247 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.
Formation 8’s biggest exits.
Formation 8 portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.
Formation 8’s selected top holdings.
An estimate of Formation 8’s largest live positions — disclosed shareholding × Dealroom’s latest valuation — across 2 companies where Formation 8 is a named shareholder, worth about $648M in estimated equity value.
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1
Yello Mobile
11.2%
$4.0B
$448M
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2
Aviatrix Systems
10%
$2.0B
$200M
Estimated value = Formation 8’s disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. See the underlying cap tables on Dealroom →
The 18 Formation 8 Power Law outcomes ($100M+ revenue or $1B+ valuation).
Snapshot of where the outcomes are concentrated by country, sector, and stage entered.
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USA15
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South Korea2
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Israel1
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Fintech4
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Health Tech & Medtech3
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Biotech & Life Sciences3
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AI2
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Other2
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Cybersecurity2
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Edtech1
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eCommerce & Marketplaces1
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Series B+6
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Series A10
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Seed2
Formation 8's 18 Power Law outcomes.
How does Formation 8 stack up?
Formation 8 in orange, your selection in blue and other colours. Pick from the global roster of 35 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.
Share of new unicorns per year
% of global unicorns minted that year, year by year · hover the chart to see which unicornsStage focus
Companies by entry stage and outcome tierSector focus
Companies per investor across the 10 highest-volume sectorsWhere Formation 8's portfolio founders come from — and where they studied.
50 founders across the 18 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Korea Advanced Institute of Science and Technology and Palantir are the deepest single pipelines.
Key people at Formation 8.
Suggest the partner roster →
Market sentiment
What the market is saying about Formation 8
An AI-synthesized read of the highest-engagement posts about Formation 8 on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
In the news
Latest news about Formation 8
Recent press, funding announcements, and portfolio moves mentioning Formation 8 — pulled live from Dealroom's news feed.
Want the full picture on Formation 8?
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