Predict your next investment

Venture Capital
formation8.com

See what CB Insights has to offer

Investments

146

Portfolio Exits

36

Funds

16

Service Providers

1

About Formation 8

Formation 8 is a venture capital firm that provides financial and strategic capital to early growth smart enterprise and energy technology companies. The firm supports entrepreneurs who seek to transform important global industries by solving hard problems with technology solutions. Formation 8's goal is to create long-term, sustainable value through operational expertise and business development partnerships. The firm leverages deep and distributed networks to provide the market knowledge, deployment expertise, sales channels, and relationships needed to expand into and thrive in Asia. With local teams in Korea, China and Singapore, Formation 8 connects Silicon Valley start-ups to dynamic multinational corporations in these geographies.

Formation 8 Headquarter Location

501 2nd Street Suite 300

San Francisco, California, 94107,

United States

650-265-6932

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Formation 8

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Formation 8 in 3 Expert Collections, including AR/VR.

A

AR/VR

32 items

U

Unicorns- Billion Dollar Startups

113 items

S

Synthetic Biology

382 items

Research containing Formation 8

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Formation 8 in 1 CB Insights research brief, most recently on Oct 30, 2019.

Latest Formation 8 News

Former Formation 8 GP Shirish Sathaye joins Cervin Ventures

Oct 5, 2018

Longtime venture capitalist Shirish Sathaye has quietly joined early-stage investor Cervin Ventures as a general partner. Most recently, Sathaye was a general partner at Formation 8 , the embattled venture firm co-founded by Palantir’s Joe Lonsdale, Brian Koo (a scion of the Koo family, owners of the electronics giant LG) and former Khosla GP Jim Kim. Formation 8 announced in 2015 that it would not raise a third fund and would begin  winding down operations. Sathaye, who’s been in the VC business since 2001 as a GP at Matrix Partners, then at Khosla Ventures, remains a partner in Formation 8’s sophomore fund. His previous investments include Nutanix, Samsung-acquired Grandis, McAfee-acquired Solidcore Systems, cybersecurity startup Vectra Networks and data storage provider Panzura. Sathaye, for his part, had grown tired of the “bigger is better” mentality and opted to leave the business of big VC for good. He began making angel investments and advising startups at Cervin Ventures, a pre-Series A VC fund focused on the enterprise. It  closed a $56 million fund in 2017, its largest vehicle to date. “Smaller funds, in general, make better decisions,” Sathaye told TechCrunch. “At a larger fund, there are more people around the table to make decisions. I think returns are better when there are fewer people making those decisions.” Watching funds swell past the billion-dollar mark and investors deploy the “spray and pray” strategy was a turn-off, Sathaye said. Startups have more access to capital than ever before, yet most companies can get off the ground with very little funding, thanks to recent innovations like Google Cloud and Amazon Web Services. “With AWS, companies can bring products to market quickly and they can reach their customers with much less money,” Sathaye said. “If you look at it just from a returns profile, the smaller funds will get better cash-on-cash returns simply because companies don’t need that much money to be successful.” Palo Alto-based Cervin is led by two other GPs, Preetish Nijhawan and Neeraj Gupta. It invests $1 million to $2 million in early-stage startups. Sathaye says he’ll be focused specifically on the security, mobile, cloud and data verticals.

Formation 8 Investments

146 Investments

Formation 8 has made 146 investments. Their latest investment was in Aviatrix as part of their Series E on September 9, 2021.

CBI Logo

Formation 8 Investments Activity

investments chart

Formation 8 Portfolio Exits

36 Portfolio Exits

Formation 8 has 36 portfolio exits. Their latest portfolio exit was Vicarious Systems on April 23, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/23/2022

Acquired

2

3/28/2022

Corporate Majority

1

11/16/2021

Acquired

$99M

7

10/19/2021

Acquired

Subscribe to see more

Subscribe to see more

10

10/15/2021

Reverse Merger

Subscribe to see more

$99M

Subscribe to see more

10

Date

4/23/2022

3/28/2022

11/16/2021

10/19/2021

10/15/2021

Exit

Acquired

Corporate Majority

Acquired

Acquired

Reverse Merger

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

2

1

7

10

10

Formation 8 Fund History

16 Fund Histories

Formation 8 has 16 funds, including Formation Group (Cayman) Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/23/2017

Formation Group (Cayman) Fund I

$121.25M

1

2/23/2017

Formation Group Fund I

$232.75M

1

10/6/2015

Formation8 Partners Hardware Fund I

Early-Stage Venture Capital

Closed

$125M

3

4/15/2015

F8 Oscar II SPV

10

2/5/2015

F8 StarLight II SPV

10

Closing Date

2/23/2017

2/23/2017

10/6/2015

4/15/2015

2/5/2015

Fund

Formation Group (Cayman) Fund I

Formation Group Fund I

Formation8 Partners Hardware Fund I

F8 Oscar II SPV

F8 StarLight II SPV

Fund Type

Early-Stage Venture Capital

Status

Closed

Amount

$121.25M

$232.75M

$125M

Sources

1

1

3

10

10

Formation 8 Service Providers

1 Service Provider

Formation 8 has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Formation 8 Team

12 Team Members

Formation 8 has 12 team members, including current Founder, General Partner, Jim Kim.

Name

Work History

Title

Status

Jim Kim

Khosla Ventures, CMEA Capital, and GE Capital

Founder, General Partner

Current

Joe Lonsdale

Clarium Capital, and PayPal

Founder

Current

James Zhang

Founder

Current

Brett Cummings

Chief Financial Officer

Current

Brett Cummings

Chief Financial Officer

Current

Name

Jim Kim

Joe Lonsdale

James Zhang

Brett Cummings

Brett Cummings

Work History

Khosla Ventures, CMEA Capital, and GE Capital

Clarium Capital, and PayPal

Title

Founder, General Partner

Founder

Founder

Chief Financial Officer

Chief Financial Officer

Status

Current

Current

Current

Current

Current

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.