Formarum

Canada
Richmond Hill, Ontario, Canada, L4B 1K5

Company profile

Formarum company profile

Formarum is a Canadian corporation which has developed an automatic and all-in-one sanitization device called Dive which enables consumers to use and manage their recreational waters safely while reducing the cost, and hassles of chemical applications. The Chlorine consumption will be reduced to the minimum government-regulated requirement, which is up to 90% less than average consumption. This system will save consumers maintenance time and the downtime often required after chemical adjustments. Financially, consumers will be saving significantly on their chemical expenses and operational costs. Dive will also generate its own power internally, and therefore eliminates the need of an external power supply.

Business identity

Operating status
Active
Company type
For Profit
Employee range
1-10 employees
Revenue range
$0+
Founded
2013-09-12

Headquarters

Postal code
L4B 1K5
Country code
CA
Continent
North America

Capital profile

Funding and company signals

Funding stage
Seed
Funding rounds
5
Total equity funding
$792,000
Last funding
Seed / $150,000 / 2017-12-12
Last equity funding
Seed / $150,000
Investors
4
Founders
1
Articles
1

Founders and investors

Founders

Seyed Nourbakhsh

Investors

43NorthOneTen CapitalOntario Centres of ExcellenceRyerson University