Forenom Oy
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Forenom Oy - overview
Established
2000
Location
Helsinki, -, Finland
Primary Industry
Commercial Property
About
Forenom Oy is a Finnish company specializing in flexible accommodation solutions, catering primarily to businesses needing short- and long-term housing options for their employees across the Nordic region and Central Europe. Founded in 2000, Forenom Oy is headquartered in Helsinki, Finland. The company provides accommodation solutions without any known corporate pivots or subsidiary relationships. Johannes Kangas serves as the CEO.
In January 2026, Bravedo acquired Forenom Oy from CapMan and Tesi. Forenom specializes in providing a range of accommodation solutions, including furnished apartments, hostels, and aparthotels. Their services are designed for corporate clients seeking both short-term and long-term housing solutions, addressing the needs of employees during project assignments or relocations. Forenom’s client base comprises various sectors across Europe that rely on their expertise to meet accommodation needs efficiently.
Current Investors
CapMan, Tesi
Primary Industry
Commercial Property
Sub Industries
Commercial Property
Website
www.forenom.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Forenom Oy - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 76,947,355 | 113,180,104 | 121,466,442 | 103,575,170 | 114,299,013 | - | - | - |
| % Revenue Growth (YoY) | - | - | 47.1% | 7.3% | (14.7%) | 10.4% | - | - | - |
| EBITDA (USD) | (956.7) | 12,027,437 | 11,996,278 | 34,778,887 | 30,504,085 | 33,571,415 | - | - | - |
| Operating Income (USD) | (956.7) | 4,475,316 | 736,484 | 4,038,648 | (2,871,513) | (1,437,816) | - | - | - |
| Operating Margin | - | 5.8% | 0.7% | 3.3% | (2.8%) | (1.3%) | - | - | - |
| % EBITDA Margin | - | 15.6% | 10.6% | 28.6% | 29.5% | 29.4% | - | - | - |
| NET Income (USD) | (956.7) | (2,586,738) | (7,407,930) | (10,075,612) | (15,632,854) | (18,103,800) | - | - | - |
| % Net Margin | - | (3.4%) | (6.5%) | (8.3%) | (15.1%) | (15.8%) | - | - | - |
Forenom Oy - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Forenom Oy | - | ||||||||
| Secondary Buyout | Completed | Forenom Oy | - |
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