About Forcit
Forcit is a company based in Hanko (Finland) founded in 1893.. Forcit has completed 1 acquisition, including O-Pitblast. Forcit offers products and services including Explosives and Consulting.
- Headquarter Hanko, Finland
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Sectors
Natural Resources
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Phone
*********
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Website
*********
- Legal Name Oy Forcit 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
$1.15 M (USD), Grant
Dec 01, 2022
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Forcit
Forcit offers a comprehensive portfolio of products and services, including Explosives and Consulting. 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.
Civil explosives and blasting services are provided for demanding operations, including charging and related know-how.
Environmental impact management services are offered as part of operations focused on sustainability and related expertise.
Funding Insights of Forcit
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $1.2M
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First Round
First Round
(01 Dec 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Grant - Forcit | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Forcit
Forcit 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 Forcit
Forcit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include O-Pitblast. 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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Real-time rock blasting software for mining operations is provided online.
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2016 |
| 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 - Forcit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Forcit Comparisons
Competitors of Forcit
| 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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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Forcit
When was Forcit founded?
Forcit was founded in 1893 and raised its 1st funding round 129 years after it was founded.
Where is Forcit located?
Forcit is headquartered in Hanko, Finland. It is registered at Hanko, Uusimaa, Finland.
What does Forcit do?
Forcit Group was established in 1893 in Hanko, Finland, within the defense sector. Advanced directed fragmentation charge systems are developed and produced for military applications. A history tracing back to the 19th century positions the company as a pioneer in insensitive munitions. Operations focus on supplying these systems internationally, with emphasis on blasting and excavation technologies adapted for defense needs.
What products or services does Forcit offer?
Forcit offers Explosives and Consulting.
How many acquisitions has Forcit made?
Forcit has made 1 acquisition, including O-Pitblast.
Who are Forcit's investors?
Forcit has 1 investor. Key investors include European Union.
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