Connect With Us

Inside INdiana Business
Subscribe Now Log In
  • Home
  • News
    • Education
    • Health
    • Tech
    • STEM
    • Advanced Manufacturing & Logistics
    • Life Sciences
    • Ag INnovation
    • INPower
  • Videos
  • Big Wigs
    • Submit Big Wigs
  • Events
    • Engage Central Indiana – Indianapolis
    • Engage Northeast Indiana – Fort Wayne
    • Engage West Central Indiana – Terre Haute
    • Engage Greater Lafayette – West Lafayette
    • Engage Northwest Indiana – Valparaiso
    • Engage South Bend – Elkhart
    • Engage Southwest Indiana – Evansville
  • Newsletters
  • Podcasts
  • On-Air
    • TV & Radio Listings
  • Contact
    • About IIB
    • Meet the Team
    • Contact Us
    • Advertise
    • Gift Cards
    • Flagship Stations
    • Gerry’s Message
    • Speaking Engagement Request

Connect With Us

Bloomington Company Lands $10M in Funding

Wednesday, June 5, 2019 04:10 PM EDT
By Alex Brown
Bloomington Company Lands $10M in Funding The company says it will use the funding to expand its team of employees. (photo courtesy of FormAssembly)

A Bloomington-based tech company has secured $10 million in Series A funding. FormAssembly, which provides an enterprise data collection platform, says it will use the funding to expand its its team and accelerate its mission.

The funding round was led by New York-based investment firm Level Equity. As a result, Level Equity Partner George McCulloch will join the FormAssembly Board of Directors.

Cedric Savarese, founder and chief executive officer of FormAssembly, says Level Equity is the ideal partner to help the company scale up.

"We’re in the midst of a massive shift in the way businesses, consumers, and regulators think about the collection, sharing, and use of personal data," said Savarese. "We have a unique opportunity to combine our state-of-the-art data collection and workflow automation platform with tools and services designed to help our customers be good stewards of the data entrusted to them."

FormAssembly says the funding round is its first infusion of capital since its founding in 2006. The company’s team of employees is 100 percent remote, which it says allows for the attraction of top talent from around the world. 

Story Continues Below

Most Popular Stories

  • Indy cold storage company acquired

  • State legislator arrested on suspicion of drunken driving

  • First female medical director takes the reins at IMS

  • Old National relocating Louisville office after mass shooting

  • Hoosier Medicaid recipients report higher program dissatisfaction than peers

  • Helping Hoosier businesses build bigger: An often overlooked program can help

Perspectives

Helping Hoosier businesses build bigger: An often overlooked program can help

Helping Hoosier businesses build bigger: An often overlooked program can help

Experts are predicting that volatility in the economy will continue for the remainder of the year. Consumers are faced with inflation and fluctuating interest rates, with at least one more rate increase predicted to “cool off” the overheated economy. Businesses are also paying close attention to interest rates, especially entrepreneurs looking to launch or expand businesses....

Inside INdiana Business

Inside INdiana Business
A division of IBJ Media

1 Monument Circle, Suite 300
Indianapolis, IN 46204

PHONE: (317) 634-6200

FAX: (317) 263-5060

NEWSLETTER@IIBNEWS.COM

  • Home
  • News
  • Videos
  • Gerry Dick
  • Newsletters
  • On-Air
  • Contact

Copyright © 2023 All Rights Reserved Privacy Policy | Terms of Service