# Formatta

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/formatta

- Industry: Software
- Headquarters: Fairfax, US
- Website: www.formatta.com
- Total disclosed funding: $7.3M
- Latest round: Series B (Feb 18, 2009)
- Investors on record: 2

## About

Formatta is a technology company that specializes in document and workflow automation, focusing on enhancing efficiency for businesses through innovative software solutions.Founded in 1997 and headquartered in Fairfax, US, Formatta operates in document management and automation. In July 2010, the company was acquired by Access Enterprise Forms Management. The current CEO is Grant Wagner.Formatta provides software solutions that streamline document workflows for various business sectors. Their offerings include forms automation, data extraction, and integration services aimed at improving operational efficiency and reducing manual processes for their clients.Formatta's revenue model is based on subscription services for their software solutions. Clients engage through tailored partnerships, which may include tiered subscription plans and transaction fees for additional features. This model facilitates ongoing revenue through continued usage and service enhancements.Following its acquisition in 2010, Formatta aims to expand its market reach by developing new products designed for enhanced document automation, with planned releases in the upcoming year. The company is targeting new geographic markets within North America and Europe for expansion. The support from the recent funding round will be utilized in further product development and market penetration strategies.

## Funding rounds

- Series B, Feb 18, 2009, $3M — Edison Partners, Silicon Valley Bank
- Series A, Feb 20, 2008, $4.3M — Edison Partners

## Investors

- Edison Partners (https://capitalatlas.ai/funds/edison-partners) — Series A, Series B
- Silicon Valley Bank — Series B