About Profitbase
Profitbase is a company based in Sandnes (Norway) founded in 1991 was acquired by Hypergene in May 2025.. Profitbase has raised $100 thousand across 2 funding rounds from investors including Hypergene and Ogreid Eiendom. The company has 19 employees as of December 31, 2021. Profitbase offers products and services including CFO Platform, Financial Reporting Matrix, Risk Matrix, and Gantt Chart. Profitbase operates in a competitive market with competitors including Anaplan, Workday Adaptive Planning, Vena Marketing, Planful and Pigment, among others.
- Headquarter Sandnes, Norway
- Employees 19 as on 31 Dec, 2021
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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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Annual Revenue
$2.6 M (USD)-1as on Dec 31, 2021
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Net Profit
$-595.97 K (USD)-1611as on Dec 31, 2021
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EBITDA
$-851.64 K (USD)-571as on Dec 31, 2021
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Total Equity Funding
$100 K (USD)
in 2 rounds
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Latest Funding Round
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Investors
Hypergene
& 1 more
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Employee Count
19
as on Dec 31, 2021
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Acquired by
Hypergene
(May 18, 2025)
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Products & Services of Profitbase
Profitbase offers a comprehensive portfolio of products and services, including CFO Platform, Financial Reporting Matrix, Risk Matrix, and Gantt Chart. 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.
Tool for budgeting, forecasting, and risk management in enterprises.
Custom visual for matrix reports in Power BI.
Enables risk assessment and prioritization.
Interactive chart for project tracking and timelines.
Funding Insights of Profitbase
Profitbase has successfully raised a total of $100K 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
(15 May 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Series A - Profitbase | Valuation | Ogreid Eiendom |
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| May, 2009 | Amount | Unspecified - Profitbase | Valuation |
investors |
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| 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 Profitbase
Profitbase has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Hypergene and Ogreid Eiendom. 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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Business center rental services are provided in Norway.
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Founded Year | Domain | Location | |
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Cloud-based enterprise collaboration platform for project management
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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 Profitbase
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
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 - Profitbase
| 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 |
Profitbase Comparisons
Competitors of Profitbase
Profitbase 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 Anaplan, Workday Adaptive Planning, Vena Marketing, Planful and Pigment, 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 |
Operational planning and forecasting solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Cloud-based financial planning and analytics are delivered via SaaS.
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| domain | founded_year | HQ Location |
AI-powered financial planning and accounting software is offered.
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| domain | founded_year | HQ Location |
Cloud-based financial planning and advisory solutions are provided for businesses.
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| domain | founded_year | HQ Location |
A platform for business planning and project management is offered.
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| domain | founded_year | HQ Location |
Expense management solutions are delivered via a software platform.
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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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Frequently Asked Questions about Profitbase
When was Profitbase founded?
Profitbase was founded in 1991 and raised its 1st funding round 18 years after it was founded.
Where is Profitbase located?
Profitbase is headquartered in Sandnes, Norway. It is registered at Sandnes, Rogaland, Norway.
Who is the current CEO of Profitbase?
Rune Vatnamot is the current CEO of Profitbase.
Is Profitbase a funded company?
Profitbase is a funded company, having raised a total of $100K across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $100K, raised on May 15, 2009.
How many employees does Profitbase have?
As of Dec 31, 2021, the latest employee count at Profitbase is 19.
What is the annual revenue of Profitbase?
Annual revenue of Profitbase is $2.6M as on Dec 31, 2021.
What does Profitbase do?
Profitbase was founded in 1991 in Sandnes, Norway, and operates within the business intelligence sector. Corporate performance management tools, encompassing budgeting, forecasting, financial simulation, data warehousing, and reporting, are delivered to sectors such as retail, shipping, oil and gas, healthcare, and manufacturing across global markets. Notable clients served include Petro-Canada, Grilstad, and Levis.
Who are the top competitors of Profitbase?
Profitbase's top competitors include Workday Adaptive Planning, Vena Marketing and Anaplan.
What products or services does Profitbase offer?
Profitbase offers CFO Platform, Financial Reporting Matrix, Risk Matrix, and Gantt Chart.
Who are Profitbase's investors?
Profitbase has 2 investors. Key investors include Hypergene, and Ogreid Eiendom.
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