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Formus Capital is an early-stage venture capital firm based in London, United Kingdom, that invests in technology and software startups across the United States and Europe. Operating as an independent investment vehicle with additional operational ties to Turkey, the firm currently manages two early-stage commingled funds with a primary focus on initial seed funding rounds. The organization actively deploys early capital alongside established lead investors such as Javelin Venture Partners to support emerging software enterprises. Formus Capital's growing portfolio includes innovative fintech companies like Kalder, which recently secured a $7 million seed funding tranche as part of a broader $10.5 million financing effort with the firm's direct participation. Formus Capital was officially established in 2023 by founder Cem Garih, who brings prior corporate experience from EY and Bechtel, alongside Vice President Fatma Ceyda Keceli Ozcan.
Formus Capital primarily invests in early-stage technology companies that are focused on developing solutions to shape future markets and industries.
Formus Capital Fund I, the firm's early-stage venture capital fund, is located in London, United Kingdom.
Burak Karahasan is a Principal at Formus Capital, and Fethi Sabancı Kamışlı is also associated with the firm and located in the United Kingdom.
Formus Capital primarily invests in early-stage technology companies that are focused on developing solutions to shape future markets and industries.
Formus Capital Fund I, the firm's early-stage venture capital fund, is located in London, United Kingdom.
Burak Karahasan is a Principal at Formus Capital, and Fethi Sabancı Kamışlı is also associated with the firm and located in the United Kingdom.
Formus Capital has 5 tracked investments across 4 companies. The latest tracked deal is $10.6M Series A in Letter AI in October 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 22, 2025 | Letter AI | $10.6M Series A | Mark Roberge | Kevin Jiang, Lightbank, Mangusta, Northwestern Mutual Future Ventures, Y Combinator |
| Oct 3, 2025 | PostHog | $75.0M Series E | Peak XV Partners (Sequoia Capital India) | GV, Stripe, Y Combinator |
| Jun 11, 2024 | Letter AI | $2.7M Seed | — | Pioneer Fund, Soma Capital, TechNexus Venture Collaborative |
| Aug 30, 2023 | Praso | $9.3M Series A | NFX, Valor Capital Group | Base Partners, Endeavor Scale UP, Iporanga Ventures |
| Aug 1, 2023 | Dynamo AI | $15.0M Series A | Nexus Venture Partners | Better Capital, Creative Juice, Nakul Gupta, Vibe Capital, Charu Jangid, Tolga Erbay, Vojtech Jina, Soma Capital |
