About Fortum
Fortum is a company based in Espoo (Finland) founded in 1998.. The company has 4,470 employees as of December 31, 2024. Fortum has completed 6 acquisitions, including CrisolteQ, Duon and Ekokem. Fortum offers products and services including Power Trading, Fortum Battery Recycling, Turbines and Generators, and Charging Stations. Fortum operates in a competitive market with competitors including Acciona Energy, Helen, TerraForm Power and Pohjan Voima, among others.
- Headquarter Espoo, Finland
- Employees 4470 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fortum Oyj
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Annual Revenue
$6.03 B (USD)-13.57as on Dec 31, 2024
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Net Profit
$1.21 B (USD)156.04as on Dec 31, 2024
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EBITDA
$1.64 B (USD)-17.04as on Dec 31, 2024
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Latest Funding Round
$99.09 M (USD), Grant
Jul 10, 2025
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Investors
European Union
& 2 more
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Employee Count
4470
as on Dec 31, 2024
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Investments & Acquisitions
CrisolteQ
& 5 more
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IPO & Listings of Fortum
Fortum is a publicly listed company on the OMXHEX with ticker symbol FORTUM in Finland, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Fortum
Fortum offers a comprehensive portfolio of products and services, including Power Trading, Fortum Battery Recycling, Turbines and Generators, and Charging Stations. 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.
Platform for trading energy to support market transactions.
Service for recycling batteries to promote environmental sustainability.
Supply of equipment for power generation and industrial use.
Network for electric vehicle charging to aid electrification.
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Software Development Team
96 people
Leadership Team
55 people
Senior Team
30 people
Human Resources and Administration
29 people
Finance and Accounting
27 people
Sales and Marketing
26 people
Product Management Team
21 people
Legal and Compliance
19 people
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Funding Insights of Fortum
- Total Funding Total Funding
- Total Rounds 13
- Last Round Grant — $99.1M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2025 | Amount | Grant - Fortum | Valuation |
investors |
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| Dec, 2021 | Amount | Grant - Fortum | Valuation |
investors |
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| Jul, 2021 | Amount | Grant - Fortum | 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 Fortum
Fortum has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union, Finpro and Finnfund. 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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Investments in sustainable development projects in developing countries.
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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 | |
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Investment promotion and innovation funding services are provided to businesses.
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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 Fortum
Fortum has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include CrisolteQ, Duon and Ekokem. 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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Construction and transport services are provided in Sweden.
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2006 | ||||
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High-grade chemical compounds are manufactured in Finland.
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2005 | ||||
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Solar PV cells are manufactured in Stockholm, Sweden.
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2004 |
| 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 - Fortum
| 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 |
Fortum Comparisons
Competitors of Fortum
Fortum 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 Acciona Energy, Helen, TerraForm Power and Pohjan Voima, 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 |
Renewable energy is developed, constructed, and marketed globally.
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| domain | founded_year | HQ Location |
Electricity, district heating, and district cooling solutions are provided.
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| domain | founded_year | HQ Location |
Independent power producers and investors
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| domain | founded_year | HQ Location |
Solar and wind power plants are provided in Finland.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Fortum
Frequently Asked Questions about Fortum
When was Fortum founded?
Fortum was founded in 1998 and raised its 1st funding round 15 years after it was founded.
Where is Fortum located?
Fortum is headquartered in Espoo, Finland.
Who is the current CEO of Fortum?
Markus Rauramo is the current CEO of Fortum.
How many employees does Fortum have?
As of Dec 31, 2024, the latest employee count at Fortum is 4,470.
What is the annual revenue of Fortum?
Annual revenue of Fortum is $6.03B as on Dec 31, 2024.
What does Fortum do?
Fortum was founded in 1998 and is headquartered in Espoo, Finland. Operations in the energy sector encompass electricity generation, heat production, retail sales, district heating and cooling, and smart living services. Power trading is offered to energy-intensive industries, alongside products for nuclear and thermal power plants. Focus is placed on decarbonization efforts and support for industrial electrification across Nordic and Baltic regions.
Who are the top competitors of Fortum?
Fortum's top competitors include Acciona Energy, Pohjan Voima and Helen.
What products or services does Fortum offer?
Fortum offers Power Trading, Fortum Battery Recycling, Turbines and Generators, and Charging Stations.
Is Fortum publicly traded?
Yes, Fortum is publicly traded on OMXHEX under the ticker symbol FORTUM.
How many acquisitions has Fortum made?
Who are Fortum's investors?
Fortum has 3 investors. Key investors include European Union, Finpro, and Finnfund.
What is Fortum's ticker symbol?
The ticker symbol of Fortum is FORTUM on OMXHEX.
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