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Corporation
formax-group.com

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Investments

1

Portfolio Exits

1

About Formax

Formax provides products like HK and US stocks, forex, P2P, small and microloans and other internet finance-related products and services. It offers integrated and comprehensive financial products and services that belong to wealth management, investment consulting and consumer financial credit fields.

Formax Headquarter Location

9, level 12, ZhongRong Jasper Tower, Middle Yincheng Rd, Pudong New District

Shanghai, Shanghai,

China

0086-21-68911600

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Latest Formax News

IFFA 2022: Provisur Technologies to showcase new products for industrial food processing

Mar 9, 2022

March 9, 2022 Provisur Technologies specializes in innovative technology and integrated production systems for industrial food processing. The company will have a booth at IFFA 2022 following the slogan “Provisur – many legacies, endless possibilities” with solutions and technologies from the company’s long-established brands for separation, pressing, slicing, forming, and thermal treatment. In addition, the process engineering specialist will present complete solutions for industrial meat processing, as well as other products, such as alternative proteins, and a world first in the area of product handling. Provisur will exibit at the IFFA a highly efficient Formax forming system as well as an innovative fully automated solution for manufacturing bacon that integrates the process steps of trimming, pressing and slicing. A completely new technology will also be premiered at the trade show as a genuine world first: An extremely compact system for versatile insertion of sliced products that sets quantifiable standards with respect to versatility, required floor space and hygiene. Separation – maximum yield, first-class results With a mix of rotation, belt and pressing technology, the Provisur portfolio is unique in providing all necessary separation processes for efficient production. Especially the STS belt separator for separation of soft tissue guarantees premium results. With machines from AM2C and Beehive, Provisur offers solutions featuring diverse performance parameters that have one thing in common: high-yield separation of bone fragments, sinew, cartilage and other material. Defrosting, marinating, tumbling A leading brand of the Provisur Group in the area of tumbling and defrosting is Lutetia, which specializes in the processing of sensitive products such as fillet requiring gentle handling during defrosting, smoking or cooking, with cooking chambers or tumbler processes. Slicing – a complete assortment for all performance classes In the slicing segment Provisur will present versatile solutions from Formax, Hoegger and Multitec that optimally meet the diverse requirements for the required performance. Intelligent feeding solutions designed for easy integration in production lines put sliced products in the package efficiently, with no difficulties. A new addition to the Formax slicer portfolio is a versatile industrial model for high-performance slicing of meat products. In addition, Provisur will demonstrate the perfectly coordinated overall process of trimming, pressing and slicing in the form of a fully automated product line for efficient bacon production. Solutions from Hoegger for pressing bacon, fresh meat and specialties with particular competence in bone-in products will round out the trade show exhibit. CookChill – pasteurization, sous vide and more The Hoegger CookChill from Provisur combines modern technology for fully automated pasteurization or sous vide with the cooking and cooling of packaged meat products such as sausages, cooked ham, fresh pasta, etc. With its innovative CookChill systems, the process engineering specialist provides continuous cooking/cooling technology in packaging that is very economical and ensures first-class product quality and safety, as well as a long product shelf life. Further processing – the next generation of forming technology The highlights of the company’s IFFA exhibit in the area of further processing with the Weiler and Formax brands will include the next generation of forming technology from Formax: The new high-performance Novamax 400 former is designed for a high processing rate in the forming of burger patties, meatballs, chicken nuggets, and more. Provisur will present a grinder from Weiler which sets standards in the industry. For more information, please visit  www.provisur.com . Source: Provisur Technologies

Formax Investments

1 Investments

Formax has made 1 investments. Their latest investment was in KKUCar as part of their Unattributed on March 3, 2017.

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Formax Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/29/2017

Unattributed

KKUCar

Yes

3

Date

3/29/2017

Round

Unattributed

Company

KKUCar

Amount

New?

Yes

Co-Investors

Sources

3

Formax Portfolio Exits

1 Portfolio Exit

Formax has 1 portfolio exit. Their latest portfolio exit was ZuluTrade on December 14, 2021.

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

12/14/2021

Acquired - II

$99M

9

Date

12/14/2021

Exit

Acquired - II

Companies

Valuation

$99M

Acquirer

Sources

9

Formax Acquisitions

1 Acquisition

Formax acquired 1 company. Their latest acquisition was ZuluTrade on October 30, 2017.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

10/30/2017

$99M

Acquired

4

Date

10/30/2017

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

4

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