About Fortel
Fortel is a company based in Madison (United States) founded in 2015 by Steven Hoerning. Fortel operates in a competitive market with competitors including Silo, Choco, BFC Software, Hectar and Avanti Markets, among others.
- Headquarter Madison, United States
- Founders Steven Hoerning
- SectorsConsumer
- Website fortelforecasting.com
- Social LinkedIn
- Legal Name Fortel Llc
- Investors
Funding Insights of Fortel
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Fortel with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2015 | – | Grant | – | – |
1 investors in total: 1 institutional.
Investors in Fortel
Fortel has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Madworks Seed Accelerator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A seed accelerator program is operated to support startups. | – | madworksaccelerator.org | Madison, United States |
Investor details for Fortel
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Fortel
1 people are tracked at Fortel (1 in leadership).
| Name | Role | Group |
|---|---|---|
Steven Hoerning | Co-Founder | Leadership |
Complete people profiles for Fortel
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Fortel
2 dated milestones of Fortel, from founding to its latest funding, stage changes and deals.
- Founded Fortel is founded.
- Funding First funding round.
Competitors of Fortel
Fortel 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 Silo, Choco, BFC Software, Hectar and Avanti Markets, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| usesilo.com | 2017 | San Francisco, United States | $44M | 56 | Software suite solutions are provided for food distributor businesses. | |
| choco.com | 2018 | Berlin, Germany | $301.35M | 65 | Choco is recognized as a growth platform for food distributors. | |
| bfcsoftware.com | 1984 | Batavia, United States | – | 25 | Provider of software solutions for food distributors | |
| hectar.global | 2021 | Singapore | $2.1M | – | Provider of software solutions for food distributors | |
| avantimarkets.com | 2009 | Renton, United States | – | – | Supermarket providing a variety of snacks, fruits, and vegetables to customers. | |
| necs.com | 1987 | Rome, Italy | – | – | Delivers comprehensive ERP solutions tailored for the food distribution industry. | |
| ordrsmart.com | 2022 | Chicago, United States | $130,000 | – | Platform enabling CPG brands and ingredient suppliers to create and maintain a resilient ingredient supply chain | |
| shair.tech | 2021 | Genova, Italy | – | – | Platform offering sustainable solutions for equitable food and goods distribution |
Detailed competitors of Fortel
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Fortel
10 companies that operate in the same segment as Fortel (Food & Beverage Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform food ordering and delivery service | 2008 | Gurugram, Haryana, India | USD 1.69 B | USD 5.79 B | 7,780 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
Food and market delivery services are provided by iFood. | 2011 | Sao Paulo, Brazil | USD 590.8 M | – | – | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 1.15 B | USD 6.15 B | 5,700 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – | |
Food delivery services are offered in major Indian cities. | 2012 | Mumbai, Maharashtra, India | USD 97.72 M | USD 39.01 M | 3,150 |
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Frequently Asked Questions about Fortel
Fortel was founded in 2015.
Fortel is headquartered in Madison, United States. It is registered at Madison, Wisconsin, United States.
Fortel, based in Madison, focuses on food and agriculture tech, developing food technology, technology enablers, food distributors, and suite. Provider of software suite solutions for food distributors. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Fortel has 1 investor. Key investors include Madworks Seed Accelerator.
Fortel operates through Fortel Llc.