Formus Capital

We’re excited to be among the sponsors of GO! GLOBAL SUMMIT 2024 to take place on October 23-24-25 in Istanbul! ? GO! GLOBAL Türkiye initiative, led by TA?K – Türkiye-U.S. Business Council Digital Task Force; unites the most daring startups with world-renowned investors to build legendary, generational companies. ? Applications are now open to industry’s leading VCs, LPs, startups and scale-ups! To join the GO! GLOBAL SUMMIT 2024, apply now at www.goglobalturkiye.com

We’re excited to be among the sponsors of GO! GLOBAL SUMMIT 2024 to take place on October 23-24-25 in Istanbul! ? GO! GLOBAL Türkiye initiative, led by TA?K – Türkiye-U.S. Business Council Digital Task Force; unites the most daring startups with world-renowned investors to build legendary, generational companies. ? Applications are now open to industry’s leading VCs, LPs, startups and scale-ups! To join the GO! GLOBAL SUMMIT 2024, apply now at www.goglobalturkiye.com

Excited to announce our fundraise at Mstack! Growing up in a family that relied on a small manufacturing setup, I have always been passionate about building in this space. At Mstack, we are building a truly global platform for specialty chemicals enabling cross border manufacturing and innovation. This fundraise allows us to scale our operations in the USA and beyond, invest in breakthrough R&D initiatives, and build a world-class team to commercialize cutting-edge chemistries that set new standards. Grateful to Prateek for taking a bet on this mission with me and super proud of our India team, led by him. Also grateful to our rockstar team in the USA led by Don, Friedrich, Michael, and Neha. Having seen Bejul operate at Lightspeed closely, I couldn’t have asked for a better day-zero investor, constantly pushing us to do what's right. Gaurav and Vivek have been incredible thought partners throughout this journey. Also, excited to welcome Navroz, Arjun, Pankaj, and Kanishk from Alphawave, who truly understand our vision to Mstack. Special thanks to our angels: Dr. Deepak, Cem, Fethi , Amit, Suyog, Maninder, Vaibhav, and Annelies Vansh Krishna Dipak Siddharth Ajay Mohit Sarathy Iyengar

Congrats to our portfolio company Mstack Chemicals on the new financing round! Proud to be early supporters! Shreyans Chopra https://lnkd.in/ggwrUt5E

Huge congrats to our dear friend Refik Anadol! Excited to be one of the early supporters! https://lnkd.in/gCxtStgn

As early supporters, we are thrilled to announce participating in Every's Series A round led by Redpoint. At the heart of Every’s mission lies their obsession to free founders from the burdens of back-office tasks, allowing them to focus on what they love: building their businesses. Some of the greatest companies were built by people seeking solutions to their own challenges, which is also the case for Rajeev Behera, who encountered the complexities of back-office operations as he scaled Reflektive to 250 employees after raising $100m in VC financing. Despite being experts in their fields, most founders lack the expertise to navigate intricate subjects such as payroll, taxes & accounting. His experience ignited Rajeev to create Every, a platform designed to empower founders by seamlessly managing all back-office functions, including banking & finance, payroll & HR and accounting & taxes. From the moment a company is incorporated, efficient and reliable banking solutions are essential. As soon as employees are hired, managing payroll & HR benefits become critical. As the businesses generate revenues and incur expenses, proper accounting & compliance with state & federal taxes are mandatory. Traditionally, these needs have been addressed through disparate point-solutions. However, Every is designed for making the life of founders easier and is changing the game by bringing all back-office requirements under one unified platform. Every provides a range of financial services, including checking, money-market & treasury accounts, as well as corporate cards & bill pay features. For accounting purposes, Every categorizes transactions using AI, while offering dedicated bookkeepers to ensure compliance and accuracy. Every files annual corporate income taxes, and handles other taxes on behalf of their customers. Additionally, Every helps with HR onboarding, runs payroll & handles tax filings in 50 states. What we think truly sets Every apart is not only having a holistic platform, but also providing excellent customer success and support – services that are often lacking in point-solutions targeting SMBs. We’re in an era, where there’s a race to automate every possible workflow with AI, making the maintenance of human connection vital. Every has a state-of-the-art platform & leverages AI to automate administrative, payroll & accounting workflows as necessary. However, they also prioritize providing personalized support to founders and customers, ensuring that the invaluable human touch is never lost. We’re big believers in the automation of enterprise workflows by software & AI, but we also understand and value the need for human connection in business. We believe Every is a great example of a business combining the best of both worlds, and we’re excited to be a part of their journey as early investors and doubling down in their Series A too! https://lnkd.in/e8nxxHrb

Congrats to Formus Capital portfolio company Arch on raising their Seed round & securing their first major scalable loan financing facility for Arch Lending to enable them to scale their fast growing lending business! https://lnkd.in/d8sw-Pqf

Congratulations to GoWit Technology on the new financing round! https://lnkd.in/efK2JqzQ

?? LAUNCH ALERT: Welcome to Markup by DraftWise ?? Eliminate the redundancies of tedious contract work ? Free teams to focus on strategic initiatives ? Leverage expertise on the projects that matter most ? With Markup, we’ve addressed highly specialized pain points associated with drafting, reviewing, and negotiating complex agreements or contracts, including consistency of preferred language, issue identification, and revisions: ???Contract Autopilot ???Generate the first round of markups based entirely on a lawyer’s previously executed redlines. Contract Autopilot learns the same way a human learns and applies the redlines how a human would apply them to the draft document. ???Automated issue list generation based on deal history ?? The legal industry has never seen something like this before: Markup allows lawyers to quickly create curated playbooks based on their best past work and/or each client’s preferred language — putting contract review and negotiation on autopilot. ???Intelligent legal AI assistant for Rapid Revision ?? An expert contract assistant, DraftWise chat copilot answers questions about negotiation history, recommends clause revisions, and generates client-specific clauses across your contract. ??Critical issue identification and resolution ??Quickly spot, address, and approve solutions to sticking points in contracts based on past deal work. ???Powering AI Capabilities with Anthropic To power our new AI capabilities, we’ve integrated Anthropic into key components of the DraftWise platform with a zero data retention policy. As a company, our goal is to align the greatest tech capability with the problems and workflows related to transactional law; choosing Claude 3 Opus provides exceptional text reasoning paired with robust security standards that best serve the needs of law firms and their clients. ?? Built By, With, and For Lawyers Markup isn’t built on guesswork. We’ve built directly with the best in legal (Orrick, Herrington & Sutcliffe LLP, Gunderson Dettmer, Mishcon de Reya LLP, Chapman and Cutler LLP, Katten Muchin Rosenman LLP, and more) to understand what attorneys need to take legal AI to the next level. Armed with our recent $20 million Series A fundraise, we’ve added several key legal hires to further enhance our commitment to delivering the best AI-driven legal solutions. Catch the full story, covered here: https://lnkd.in/gf4y59A2 #DraftWise #LegalTech #AI #Innovation #LegalAI #ContractManagement #Partnership #Anthropic #LegalExperts