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Key people at Formation VC.
Formation VC operates as an early-stage venture capital firm, specializing in pre-seed and seed-stage investments. The firm's core offering involves not only capital deployment but also a highly engaged, collaborative approach to nurturing nascent companies. Formation VC focuses on deep founder partnerships, providing tailored support and fostering community among entrepreneurs during their critical discovery and growth phases, which the firm terms the "Formation Stage."
Solly Garber and Leeor Mushin founded Formation VC based on the insight that early-stage ventures require more than just financial backing; they need intensive cultivation and conviction. The founders recognized that many promising ideas fail without dedicated support and the establishment of genuine relationships. They aim to counteract misaligned incentives often present in early-stage funding by emphasizing a partnership model built for long-term journeys.
The firm's customer base consists of early-stage entrepreneurs seeking capital and strategic guidance to navigate the earliest phases of company building. Formation VC's overarching vision is to be a steadfast partner to founders, transforming initial ideation sparks into enduring ventures. They aspire to support a diverse range of entrepreneurs, from first-time founders to seasoned operators, by creating an environment where talent can effectively ascend and realize their full potential.
Key people at Formation VC.
Formation VC has 2 tracked investments across 1 company. The latest tracked deal is $20.0M Series A in Project Eleven in January 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 14, 2026 | Project Eleven | $20.0M Series A | — | Balaji S., Coinbase Ventures, Lattice Fund, Nascent Ventures, Nebular, Quantonation, Satstreet Ventures, Variant |
| Jun 19, 2025 | Project Eleven | $6.0M Seed | William Zeng, Variant | Nebular |