Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Firms / Formation Group Management, LLC

Formation Group Management, LLC

Seed fund managerUSformation8.comSEC venture capital fund adviserpart of Formation 8

One of 2 advisers that share formation8.com; the firm is Formation 8. Formation8 Partners, LLC. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.

seed vehicles only

Importance
9
low
Active deployment
0
low
Emerging
0
low
Completeness
44
elevated
Freshness
99
high
Research priority
3
low
Identity and regulatory footprint
Headquarters
unknown
Office address
unknown
Business phone
650-265-6920adviserinfo.sec.gov
Website
HTTP://WWW.FORMATION8.COM
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Apr 1, 2024
Private funds reported
3 (3 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$6.5Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
business phone
650-265-6920adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
no observed deals yet
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors: no observed deals yet
lead rate n/afollow-on rate n/anew logos, 12 months 0
Funds and vehicles
3 reported, 3 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
FG Ruby Gamma Spv, LLCSPV or co-invest vehicle2016 form d first saleHarvest$2.7M
Apr 1, 2024
2$6.0M
of $6.0M
Dec 6, 2016
Formation Group (cayman) Fund I, L.P.SPV or co-invest vehicle2016 form d first saleHarvest$1.1M
Apr 1, 2024
11$121M
of $121M
Feb 24, 2017
F8 Asia Growth Spv, L.P.SPV or co-invest vehicle2015 form d first saleHarvest$2.7M
Apr 1, 2024
56$233M
of $233M
Feb 24, 2017
F8 Goldau Spv, L.P.SPV or co-invest vehicle2019 adv first reportedWound down$759,760
Mar 24, 2021
8unknownunknown
Formation Dido Spv, L.P.SPV or co-invest vehicle2019 adv first reportedWound down$0
Mar 24, 2021
2unknownunknown
Formation Group Forward Spv, L.P.SPV or co-invest vehicle2019 adv first reportedWound down$0
Mar 24, 2021
2unknownunknown
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
2 current, 2 departed
Bonwoong Koo
Managing Member Of Formation Group Gp I, Llc · since May 1, 2015
Managing partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Reiyoung Lae
Managing Member Of Formation Group Gp I, Llc · since Aug 1, 2019
Managing partner
FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
2 departed (kept with end dates)
  • Gideon Lee Yu · Managing Director Of Formation Group Management, Llc · Dec 1, 2016 to Mar 30, 2020 Inference
  • Brett Cummings · Chief Financial Officer · May 1, 2015 to Jun 6, 2016 Inference
Investments on record
0 edges, 0 companies, 0 partner-attributed
No investment on record yet. Edges arrive from the firm’s portfolio page, financing announcements, and Form D board seats.
Co-investors
11 relationships from shared deals, counted for the whole firm
Brick & Mortar Ventures Management, LLC 1 shared · one time · we led 1Y Combinator 1 shared · one time · we led 1Satstreet Ventures 1 shared · one timeCoinbase Ventures 1 shared · one timeVariant 1 shared · one timeLattice Fund 1 shared · one timeNascent Ventures 1 shared · one timeQuantonation 1 shared · one timeCastle Island Management, LLC 1 shared · one time · they led 1Nebular Management, LLC 1 shared · one timeFIN Capital 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
15 dated events
  1. Sep 15, 2026
    Formation Group Management, LLC: MICRO_VC -> SEED_FUND_MANAGER (seed vehicles only)
    Classification changedClassificationInferenceno URL
  2. Mar 23, 2022
    Formation Dido Spv, L.P. no longer reported on Form ADV by Formation Group Management, LLC
    Fund no longer reportedFundsInferenceFormation Dido Spv, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  3. Mar 23, 2022
    Formation Group Forward Spv, L.P. no longer reported on Form ADV by Formation Group Management, LLC
    Fund no longer reportedFundsInferenceFormation Group Forward Spv, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  4. Mar 23, 2022
    F8 Goldau Spv, L.P. no longer reported on Form ADV by Formation Group Management, LLC
    Fund no longer reportedFundsInferenceF8 Goldau Spv, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  5. Mar 30, 2020
    Gideon Lee Yu (Managing Director Of Formation Group Management, Llc) no longer on Schedule A of Formation Group Management, LLC
    Person leftPeopleInferenceGideon Lee YuSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  6. Aug 1, 2019
    Reiyoung Lae joined Schedule A of Formation Group Management, LLC as Managing Member Of Formation Group Gp I, Llc
    Person joinedPeopleFactReiyoung LaeSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  7. Mar 29, 2019
    F8 Goldau Spv, L.P. first reported on Form ADV by Formation Group Management, LLC (Venture Capital Fund), GAV $17,376,432
    Fund first reported on Form ADVFundsFactF8 Goldau Spv, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  8. Mar 29, 2019
    Formation Dido Spv, L.P. first reported on Form ADV by Formation Group Management, LLC (Venture Capital Fund), GAV $829,435
    Fund first reported on Form ADVFundsFactFormation Dido Spv, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  9. Mar 29, 2019
    Formation Group Forward Spv, L.P. first reported on Form ADV by Formation Group Management, LLC (Venture Capital Fund), GAV $5,235,616
    Fund first reported on Form ADVFundsFactFormation Group Forward Spv, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  10. Mar 29, 2019
    FG Ruby Gamma Spv, LLC first reported on Form ADV by Formation Group Management, LLC (Venture Capital Fund), GAV $6,250,555
    Fund first reported on Form ADVFundsFactFG Ruby Gamma Spv, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  11. Feb 23, 2017
    Formation Group (cayman) Fund I, L.P. first reported on Form ADV by F8 Asia Growth Partners, LLC (Venture Capital Fund), GAV $122,503,168
    Fund first reported on Form ADVFundsFactFormation Group (cayman) Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  12. Dec 1, 2016
    Gideon Lee Yu joined Schedule A of F8 Asia Growth Partners, LLC as Managing Director Of Formation Group Management, Llc
    Person joinedPeopleFactGideon Lee YuSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  13. Jun 6, 2016
    Brett Sumner Cummings (Chief Financial Officer) no longer on Schedule A of F8 Asia Growth Partners, LLC
    Person leftPeopleInferenceBrett CummingsSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  14. Sep 23, 2015
    F8 Asia Growth Partners, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
  15. Sep 23, 2015
    F8 Asia Growth Spv, L.P. first reported on Form ADV by F8 Asia Growth Partners, LLC (Venture Capital Fund), GAV $163,686,869
    Fund first reported on Form ADVFundsFactF8 Asia Growth Spv, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
  1. Sep 15, 2026
    Seed fund manager (confirmed, 95%, cls-1)
    seed vehicles only
  2. Sep 12, 2026
    Micro VC (confirmed, 95%, cls-1)
    venture manager, reported GAV $6.5M across 3 vehicles
Evidence
25 observations from 1 source
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC exemption claimedventure_capital_fund_adviserApr 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserApr 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2015-09-23Apr 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2024-04-01Apr 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Venture share of reported funds1Apr 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone650-265-6920Apr 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Legal formLimited Liability CompanyApr 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private funds reported3Apr 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$6.5MApr 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Venture funds reported3Apr 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://WWW.FORMATION8.COMApr 1, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)