Formation Group

Formation Group is a Palo Alto, California-based U.S.-Asia-focused venture capital firm investing in early-stage technology companies with a Pan-Asian investment thesis and bridging U.S. technology innovations with Asian market opportunities. Formation is the institutional continuation of the broader Formation 8 / Formation Group ecosystem (notable for being the precursor to Joe Lonsdale's 8VC) founded by Brian Koo (of the LG Group family), Ray Chan (former Head of SV Tech Investing at Morgan Stanley) and additional founding partners, with historical backing from prominent Asian LPs including the LG / GS Group families. Following the breakup of original Formation 8 in 2015 (when Joe Lonsdale and 15 colleagues departed to form 8VC), the remaining Formation Group entity has continued operating from Palo Alto under the Formation brand, investing in early-stage technology companies across consumer internet, enterprise software, fintech, mobility, and deep-tech themes, with Asian-market expansion expertise as its distinctive value-add. Detailed public information regarding current fund vintages, aggregate AUM, full partner roster, and comprehensive portfolio disclosures is not fully documented in mainstream financial-industry databases, consistent with the firm's discreet post-split operational profile.