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Key people at Formentera Capital.
Formentera Capital was founded in 2020 by Sanjay Bakshani (Co-Founder & Managing Partner) and Cherif Habib (Co-Founder).
Formentera Capital operates as a venture capital firm, deploying capital into early-stage, tech-enabled companies. The firm focuses on identifying and supporting nascent businesses with innovative solutions, aiming to accelerate their growth and market penetration. Their investment thesis centers on partnering with driven entrepreneurs across diverse global markets, providing not only funding but also strategic guidance to navigate complex development cycles.
Established in 2020, Formentera Capital is headquartered in Montreal, Canada. The firm was co-founded by Sanjay Bakshani, who serves as Managing Partner, and Cherif Habib. Their collective experience informs the insight to actively support and collaborate with founders possessing a clear vision and ambition to build significant enterprises.
Formentera Capital primarily serves early-stage technology companies seeking crucial early investment and mentorship. The firm’s long-term vision is deeply rooted in fostering innovation and propelling the next generation of industry leaders. By investing in disruptive technologies and empowering founders, Formentera Capital aims to cultivate a robust portfolio poised to redefine markets and deliver substantial value.
Formentera Capital was founded in 2020 by Sanjay Bakshani (Co-Founder & Managing Partner) and Cherif Habib (Co-Founder).
Key people at Formentera Capital.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 30, 2026 | Billdr | $3.2M Seed | White Star Capital | asterX, Desjardins Capital, One Way Ventures, Goodwater Capital, Kima Ventures, Moving Capital, Quebecor, Simple Capital |
| Jan 11, 2024 | Clinia | $7.5M Series A | Terry Doyle | Anges Québec, AQC Capital, Groupe Benoit, Kastello |
| Nov 15, 2023 | Pathway | $5.0M Seed | Yamaha Motor Ventures | Amplify Capital, BoxOne Ventures, Verge HealthTech Fund |
| Mar 10, 2022 | Clinia | $3.9M Seed | AQC Capital | Nicolas Bertrand, Groupe Benoit, Kastello |
| Oct 14, 2021 | Pathway | $1.3M Other Equity | — | Alexandre Tratch, 🩺 Joshua Landy MD, Julien Martel, Louis Charbonneau, Kathryn Wortsman, BoxOne Ventures, Desjardins Capital, Panache Ventures |