Forma Raises $40M for Life Benefits Platform

Forma (formerly Twic), the life benefits platform, today announced it has raised $40 million in Series B funding, led by Ribbit Capital. All of Forma’s existing investors participated in this round, including Emergence Capital, Stripe, Designer Fund, Upside Partnership, and AngelPad.

“Forma’s vision is to help the modern workforce find harmony at work and in life,” said Jason Fan, co-founder and chief executive officer. “We founded the company to help employers provide flexible benefits during important life moments that matter. This new investment will power Forma’s next stage of growth as we accelerate the company roadmap and double down on our core customers.”

Forma (formerly Twic) is a life benefits platform that enables modern companies to design and scale flexible, global benefits programs with options that fit employees’ lives, from health and wellbeing to lifestyle – and beyond.

The new funding will be used to accelerate product development, invest in sales and marketing, and key hires across the organization. Forma recently announced a new brand name to reflect the evolution of its business and renewed focus on matching people with benefits that matter to them.

Announcement: Forma Raises $40M for Life Benefits Platform