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.