Forenom

Helsinki, Finland Founded: 2001 • Age: 25 yrs Acquired By CapMan
Temporary accommodations are booked online for businesses and tourists.

About Forenom

Forenom is a company based in Helsinki (Finland) founded in 2001 was acquired by CapMan in December 2016.. The company has 78 employees as of December 31, 2022. Forenom has completed 4 acquisitions, including Friday Flats, Satohotellikoti and StayAt.

  • Headquarter Helsinki, Finland
  • Employees 78 as on 31 Dec, 2022
  • Sectors
    Real Estate & Construction
    Travel & Hospitality
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Forenom Aps
Operational Areas
Real Estate & Construction → Property Technology (PropTech)
Travel & Hospitality → Hospitality & Travel Technology
Key Metrics
  • Annual Revenue
  • Net Profit
    $3.06 M (USD)
    323
    as on Dec 31, 2022
  • EBITDA
  • Latest Funding Round
  • Investors
    CapMan

    & 1 more

  • Employee Count
    78

    as on Dec 31, 2022

  • Investments & Acquisitions
  • Acquired by
    CapMan

    (Dec 29, 2016)

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People of Forenom
Headcount 200-500
Employee Profiles 39
Employee Profiles
People
Tuuli Marttila
Customer Care & Sales Reprasentative
People
Oskar Nurmio
Sales Manager
People
Benedikte Nyberg
Project Account Manager
People
Stig Aarthun
Key Account Manager

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Funding Insights of Forenom

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Forenom

Forenom has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include CapMan and Tesi. 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.

All
Venture Fund
Investor Description Founded Year Domain Location
Diversified investment management firm
Founded Year Domain Location
Private equity investment firm
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Forenom

Forenom has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Friday Flats, Satohotellikoti and StayAt. 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.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Short Term Rental Platform
2011
Hotels are operated by StayAt in Sweden since 2007.
2007
Provider of furnished apartments and corporate housing solutions
0
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Forenom

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Forenom Comparisons

Employees
+
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Competitors of Forenom

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Forenom

Forenom to open aparthotel in Malmö harbour
Standbynordic6 years ago
Forenom Expands in Norway
Nordicpropertynews7 years ago
CapMan Buyout invests in fast-growing Forenom
Globenewswire9 years ago

Frequently Asked Questions about Forenom

When was Forenom founded?

Forenom was founded in 2001.

Where is Forenom located?

Forenom is headquartered in Helsinki, Finland.

How many employees does Forenom have?

As of Dec 31, 2022, the latest employee count at Forenom is 78.

What does Forenom do?

Forenom was founded in 2001 in Helsinki, Finland, as an online platform in the accommodation sector. Temporary housing and relocation services are offered to businesses, with options extended to individual travelers. Rental income is provided to property owners under pre-agreed terms, while operational risks, furnishing, and maintenance are managed by the company across its network.

How many acquisitions has Forenom made?

Forenom has made 4 acquisitions, including Friday Flats, Satohotellikoti, and StayAt.

Who are Forenom's investors?

Forenom has 2 investors. Key investors include CapMan, and Tesi.

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