Fortumo Overview

  • Founded
  • 2007
  • Status
  • Acquired/​Merged
  • Employees
  • 89
  • Latest Deal Type
  • M&A
  • Latest Deal Amount
  • $45M
Latest Deal Amount

Fortumo General Information


Developer of a digital enablement platform designed for telco bundling, carrier billing, and messaging. The company's platform connects service providers with mobile operators to manage the end-to-end customer lifecycle of mobile users on these networks, thereby enabling businesses to monetize by billing their users in different countries.

Contact Information

Ownership Status
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Primary Industry
Financial Software
Other Industries
Business/Productivity Software
Other Financial Services
Parent Company
Primary Office
  • Rüütli 7
  • Tartu, 51007
  • Estonia
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Fortumo Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
2. Merger/Acquisition 01-Jul-2020 $45M 0000 0000 Completed Profitable
1. Later Stage VC (Series A) 21-Feb-2013 0000 0000 Completed Profitable
To view Fortumo’s complete valuation and funding history, request access »

Fortumo Comparisons

HQ Location
Total Raised
Post Valuation
Last Financing Details
Developer of a digital enablement platform designed for telco bundling, carrier billing, and messaging. The company's pl
Financial Software
Tartu, Estonia
89 As of 2021
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Vienna, Austria
00 As of 0000
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San Francisco, CA
0000 As of 0000
000 0000-00-00
00000000000 00.000
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Fortumo Competitors (45)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
DaoPay Venture Capital-Backed Vienna, Austria 00 000 000000000 000
000000 Venture Capital-Backed San Francisco, CA 0000 00.000 00000000000 00.000
0000 000000 Private Equity-Backed Dubai, United Arab Emirates 000000000000
0000 Formerly VC-backed San Francisco, CA 000 00000 000000000 00000
0000000 00000 Formerly PE-Backed London, United Kingdom 0000 000 000000000 000
You’re viewing 5 of 45 competitors. Get the full list »

Fortumo Executive Team (21)

Name Title Board Seat Contact Info
Martin Koppel Co-Founder and Chief Executive Officer
Raavo Leiten Chief Financial Officer
Andrei Dementjev Chief Operating Officer
Berit Pooga Head, Accounting
Tanel Kosk Head, Architect
You’re viewing 5 of 21 executive team members. Get the full list »

Fortumo Signals

Growth Rate

0.80% Weekly
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers


Similarweb Unique Visitors


Majestic Referring Domains


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Fortumo Former Investors (4)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Greycroft Venture Capital Minority 000 0000 000000 0
Intel Capital Corporate Venture Capital Minority 000 0000 000000 0
Mobi Solutions Holding Company Minority 000 0000 000000 0
Superangel Angel Group Minority 000 0000 000000 0
To view Fortumo’s complete investors history, request access »