About AFRY
AFRY is a company based in Stockholm (Sweden) founded in 1895.. AFRY has completed 7 acquisitions, including BLIX Consultancy, Carelin and Ionic Consulting. AFRY offers products and services including Sustainability Services, Engineering Services, and Energy Solutions. AFRY operates in a competitive market with competitors including KPMG, Booz Allen Hamilton, SGS, Teneo and ZS, among others.
- Headquarter Stockholm, Sweden
- Stage Public
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Sectors
Business Services
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Email
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Phone
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Website
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Social
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- Legal Name Afry Ab
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$407.99 K (USD), Grant
Feb 18, 2022
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
BLIX Consultancy
& 6 more
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Products & Services of AFRY
AFRY offers a comprehensive portfolio of products and services, including Sustainability Services, Engineering Services, and Energy Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides environmental and sustainable solutions for clients
Offers architecture and automation solutions globally
Delivers renewable energy and power transmission expertise
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Software Development Team
83 people
Leadership Team
38 people
Senior Team
25 people
Human Resources and Administration
17 people
Head Team
14 people
Finance and Accounting
12 people
Creative and Marketing Team
11 people
Section Team
10 people
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Funding Insights of AFRY
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $407,992
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First Round
First Round
(01 Oct 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2022 | Amount | Grant - AFRY | Valuation |
investors |
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| Nov, 2017 | Amount | Grant - AFRY | Valuation |
investors |
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| Oct, 2016 | Amount | Grant - AFRY | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AFRY
AFRY has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AFRY
AFRY has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include BLIX Consultancy, Carelin and Ionic Consulting. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Carelin is engaged in providing renewable energy solutions and consulting.
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2017 | ||||
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IT consulting services are provided to businesses in various sectors.
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2013 | ||||
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - AFRY
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Afry Comparisons
Competitors of AFRY
AFRY operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as KPMG, Booz Allen Hamilton, SGS, Teneo and ZS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Audit, tax, accounting, strategy, and financial advisory services are provided.
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Analytics, cybersecurity, and digital transformation services are provided.
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Product inspection, testing, and digital transformation services are provided.
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Business consulting, financial advisory, and crisis management services are provided.
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Strategic and management consulting services are provided worldwide.
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Provider of software development, cloud & data management, and IT consulting services
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Afry
Frequently Asked Questions about AFRY
When was AFRY founded?
AFRY was founded in 1895 and raised its 1st funding round 121 years after it was founded.
Where is AFRY located?
AFRY is headquartered in Stockholm, Sweden.
Who is the current CEO of AFRY?
Jonas Gustavsson is the current CEO of AFRY.
What does AFRY do?
AFRY was founded in 1895 and is headquartered in Stockholm, Sweden. Engineering and consulting services are offered across various sectors, including architecture, design, and technical advisory. Operations span multiple countries, with a focus on sustainable solutions for infrastructure, energy, and industrial projects. Expertise is applied in project management, digitalization, and environmental assessments to support client needs in Europe and beyond.
Who are the top competitors of AFRY?
AFRY's top competitors include Booz Allen Hamilton, ZS and Teneo.
What products or services does AFRY offer?
AFRY offers Sustainability Services, Engineering Services, and Energy Solutions.
How many acquisitions has AFRY made?
AFRY has made 7 acquisitions, including BLIX Consultancy, Carelin, and Ionic Consulting.
Who are AFRY's investors?
AFRY has 1 investor. Key investors include European Union.
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