Formulary Financial
Fund administration, investor services and compliance for private fund managers, built on AI and automation.
Company basics
- HQ
- United States
- Delivery model
- Hybrid (shared operation)
- Pricing model
- Not disclosed
Scope
- Industries
- FinanceAccounting
- Languages
- English (site only)
About Formulary Financial
Formulary Financial offers fund accounting, investor services, regulatory and compliance services, and technology for private fund managers, plus self-administration tools. It combines data systemization, automation and AI, and highlights audit processes validated by human oversight. The security page states SOC 2 Type II, with reports on request, and says AI runs on synthetic datasets so client data never contributes to model training. Headquarters are in New York. Formulary announced a $4.6M seed round in January 2026.
What they do
- Human review includedSource · checked 2026-10-02Approach page mentions automated audit processes validated by human oversight.
Pricing
- Pricing model
- Not disclosed
- Published starting price
- Not published
- Pricing page
- Not published
Evidence of outcomes
CNo publicly verifiable outcomes yet.No customer counts or outcomes found on company, approach or security pages. Whether Formulary itself acts as administrator or sells tools to accountants is not clear on the site.
A: third-party verifiable outcomes · B: outcomes reported by the company or its investors · C: no publicly verifiable outcomes yet. Demos, forecasts and slogans do not count.
FAQ
What does Formulary offer?
Fund accounting, investor services, technology solutions and regulatory and compliance services for private fund managers.
Is client data used to train AI?
The security page says AI capabilities run on synthetic datasets so client data never contributes to model training.
What attestation is stated?
SOC 2 Type II, with reports available upon request.
Where is Formulary based?
New York, per the company page.
Our read
Editorial view based on public information — not an endorsement.
Capabilities
| Check | Status | Source |
|---|---|---|
| End-to-end delivery (you don't operate the tools) | Not stated | — |
| Human review included | Confirmed | Source · checked 2026-10-02Approach page mentions automated audit processes validated by human oversight. |
| Signed off by licensed professionals (CPA, attorney…) | Not stated | — |
| Works inside your existing systems | Not stated | — |
| Private / on-prem deployment available | Not stated | — |
| API or data export | Not stated | — |
| Multilingual delivery | Not stated | — |
Commitments
| Check | Status | Source |
|---|---|---|
| Public delivery SLA | Not stated | — |
| Outcome-based pricing | Not stated | — |
| Refund / satisfaction guarantee | Not stated | — |
| Customer data not used for training | Confirmed | Source · checked 2026-10-02AI runs on synthetic datasets; client data never contributes to model training. |
| SOC 2 | Confirmed | Source · checked 2026-10-02SOC 2 Type II certified; reports available on request. |
| ISO 27001 | Not stated | — |
| HIPAA | Not stated | — |
| GDPR | Not stated | — |
| Named party responsible for outcomes | Not stated | — |
Funding
$4.6M seed, Khosla-backed (reported January 2026)Announcement
How we check
Every check below links to its source and shows when we checked it. "Not stated" means we found no public statement — it does not mean "no".
Other routes
Use a tool yourself
Sources
- Company website: https://www.formulary.co/
- Human review included: https://www.formulary.co/approach
- Customer data not used for training: https://www.formulary.co/security
- Funding announcement: https://www.formulary.co/articles/khosla-backed-formulary-raises-oversubscribed-4.6-million-seed-round-for-its-ai-powered-private-fund-manager-software
Change history
- 2026-10-02 · Listed on Toolsfine