About Fortytools
Fortytools is a company based in Hamburg (Germany) founded in 2007 was acquired by Zvoove in January 2023.. Fortytools offers products and services including Fortytools Software and Mobile App. Fortytools operates in a competitive market with competitors including Gusto, Paycor, Paychex, ADP and Personio, among others.
- Headquarter Hamburg, Germany
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Fortytools Gmbh
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Products & Services of Fortytools
Fortytools offers a comprehensive portfolio of products and services, including Fortytools Software and Mobile App. 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 administrative tasks in cleaning and care services
App for employee time tracking and reporting in service operations
Funding Insights of Fortytools
| 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 Fortytools
Fortytools has secured backing from 1 investor. Prominent investors backing the company include zvoove. 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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zvoove is recognized for digitalizing temporary staffing and facility management with AI solutions.
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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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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 Fortytools
| 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 |
Financial Statements - Fortytools
| 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 |
Fortytools Comparisons
Competitors of Fortytools
Fortytools 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 Gusto, Paycor, Paychex, ADP and Personio, 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 |
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| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is provided for small and medium-sized businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are delivered for payroll and employee management.
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| domain | founded_year | HQ Location |
Cloud-based HR management solutions are offered for payroll and compliance.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is offered for small and medium-sized businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is offered for small and medium 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 Fortytools
Frequently Asked Questions about Fortytools
When was Fortytools founded?
Fortytools was founded in 2007.
Where is Fortytools located?
Fortytools is headquartered in Hamburg, Germany. It is registered at Hamburg, Hamburg, Germany.
What does Fortytools do?
Fortytools was founded in 2007 in Hamburg, Germany, as a provider of HRMS solutions targeted at maintenance service companies. Operations center on software that handles human resources management, including payroll, employee tracking, and compliance features specific to the sector. Services are delivered through the domain fortytools.com, supporting businesses in streamlining administrative processes across European markets. The focus remains on practical tools for service-oriented industries without broader expansions noted.
Who are the top competitors of Fortytools?
What products or services does Fortytools offer?
Fortytools offers Fortytools Software and Mobile App.
Who are Fortytools's investors?
Fortytools has 1 investor. Key investors include zvoove.