About Fortnox
Fortnox is a company based in Vaxjo (Sweden) founded in 2001.. Fortnox has raised $1.54 million across 2 funding rounds from investors including Aggregate and EQT. Fortnox has completed 4 acquisitions, including Agoy, Boardeaser and Capcito. Fortnox offers products and services including Bokföringsprogram, Faktureringsprogram, and Löneprogram. Fortnox operates in a competitive market with competitors including Intuit, Visma, Clear, Wave and Xero, among others.
- Headquarter Vaxjo, Sweden
- Stage Public
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Sectors
Technology
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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 Fortnox
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Products & Services of Fortnox
Fortnox offers a comprehensive portfolio of products and services, including Bokföringsprogram, Faktureringsprogram, and Löneprogram. 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.
Web-based tool for managing business bookkeeping and financial records.
Platform for creating and tracking invoices efficiently.
Software for handling employee payroll and related calculations.
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Funding Insights of Fortnox
Fortnox has successfully raised a total of $1.54M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(17 Apr 2008)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2025 | Amount | Post-IPO - Fortnox | Valuation |
investors |
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| Apr, 2008 | Amount | Seed - Fortnox | 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 Fortnox
Fortnox has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Aggregate and EQT. 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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Expansion-stage tech investments are targeted in Sweden and Norway.
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Founded Year | Domain | Location | |
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EQT is recognized as a global investment organization focused on value creation.
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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 Fortnox
Fortnox has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Agoy, Boardeaser and Capcito. 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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Cloud-based platform for finance and account management is provided.
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2019 | ||||
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Cloud-based solutions for price quote transmission are offered.
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2016 | ||||
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Cloud based board meetings management, data governance and digital transaction management suite solutions for enterprises
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2015 |
| 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 - Fortnox
| 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 |
Fortnox Comparisons
Competitors of Fortnox
Fortnox 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 Intuit, Visma, Clear, Wave and Xero, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Technology-enabled accounting and finance solutions are offered for SMBs.
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| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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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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| 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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Latest news on Fortnox
Frequently Asked Questions about Fortnox
When was Fortnox founded?
Fortnox was founded in 2001 and raised its 1st funding round 7 years after it was founded.
Where is Fortnox located?
Fortnox is headquartered in Vaxjo, Sweden. It is registered at Vaxjo, Kronoberg County, Sweden.
Is Fortnox a funded company?
Fortnox is a funded company, having raised a total of $1.54M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.54M, raised on Apr 17, 2008.
What does Fortnox do?
Fortnox AB, founded in 2001 and based in Vaxjo, Sweden, operates in the software sector with web-based tools for accounting, billing, direct debit, invoicing, time tracking, and CRM support. Services include invoice management, payslip tracking, recurring billing, quote creation, and asset registration. The company is listed on NGM Nordic MTF, with pricing beginning at 198 SEK per month. Operations focus on streamlining business processes for users across various functions.
What products or services does Fortnox offer?
Fortnox offers Bokföringsprogram, Faktureringsprogram, and Löneprogram.
How many acquisitions has Fortnox made?
Fortnox has made 4 acquisitions, including Agoy, Boardeaser, and Capcito.
Who are Fortnox's investors?
Fortnox has 2 investors. Key investors include Aggregate, and EQT.