Khosla-backed Formulary raises oversubscribed $4.6 million seed round for its AI-powered private fund manager software

Khosla Ventures-backed Formulary raised an oversubscribed $4.6 million seed round for its AI-powered private fund management software. Founded by Alfia Ilicheva, the platform automates tedious data entry tasks, addressing growing demands as private markets expand rapidly. The funding enables Formulary to streamline administrative workflows for fund managers.