Formarum

Formarum is a Canadian corporation which has developed an automatic and all-in-one sanitization device called Dive.

Business Model: B2C

Revenue: $107.5k

Employees: 2-10

Detailed Formarum Information

Geographic Data

Formarum headquarters map

Address:

City: Richmond Hill

State: Ontario

Zip:

Country: Canada

Financial Info

Stage:

seed

Raised Last:

$150k

Raised Total:

$792k

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Description

Formarum is a Canadian corporation which has developed an automatic and all-in-one sanitization device called Dive which enables consumers to use and manage their recreational waters safely while reducing the cost, and hassles of chemical applications. The Chlorine consumption will be reduced to the minimum government-regulated requirement, which is up to 90% less than average consumption. This system will save consumers maintenance time and the downtime often required after chemical adjustments. Financially, consumers will be saving significantly on their chemical expenses and operational costs. Dive will also generate its own power internally, and therefore eliminates the need of an external power supply.

Contact Phone:

Contact Email:

Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
11/2014 Seed Round 1 - Ontario Centres of Excellence
Ontario Centres of Excellence
10/2016 Seed Round 1 $500k 43North
43North
3/2014 Seed Round 1 $38k Ryerson University
Ryerson University
4/2014 Equity Crowdfunding $104k
12/2017 Seed Round $0 OneTen Capital
OneTen Capital
12/2017 Seed Round 1 $150k OneTen Capital
OneTen Capital
11/2014 Seed Round 1 - Ontario Centres of Excellence
Ontario Centres of Excellence
Announced Date Name Price

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