Valuation
$51.8M
2024 Revenue
$25M
Customers
300
Funding
$0
Avg ACV
$83.3K
Team
191
Founded
1998
How Efecte CEO Niilo Fredrikson grew to $25M revenue and 300 customers in 2024.
Efecte PLC is a Finnish software company. It provides cloud-based service and identity management software solutions, as well as related consultancy services. The products offered by the company include Federated Access Management, Identity Management, Finance Management and Request Fulfilment. The company's services include Professional Services, Training, Support and Operations and Consultancy Services.
Last updated
Efecte Revenue
In 2024, Efecte's revenue reached $25M. The company previously reported $17.3M in 2021. Since its launch in 1998, Efecte has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Efecte Hit $25m revenue in June 2024 | |
| 2021 | Efecte Hit $17.3m revenue in April 2021 | |
| 1998 | Launched with $0 revenue |
Efecte Valuation, Funding Rounds
Efecte's most recent disclosed valuation is $51.8M.
Efecte is a bootstrapped Enterprise IT Management Software startup. Founded in 1998, Efecte has grown to $25M in revenue without raising any venture capital or outside funding.
As a self-funded Enterprise IT Management Software SaaS company, Efecte has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Efecte serves 300 customers.
Efecte Employees & Team Size
Efecte employs approximately 191 people as of 2026, down from 202 in 2023, including 34 sales reps that carry a quota. It serves 300 customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 191 employees (December 2024) |
| 2024 | Reached 178 employees (October 2024) |
| 2023 | Reached 202 employees (September 2023) |
| 2023 | Reached 198 employees (January 2023) |
| 2022 | Reached 185 employees (January 2022) |
| 2021 | Reached 157 employees (August 2021) |
| 2021 | Reached 106 employees (April 2021) |
Frequently Asked Questions about Efecte
What is Efecte's revenue?
Efecte generates $25M in revenue.
Who founded Efecte?
Efecte was founded by Niilo Fredrikson.
Who is the CEO of Efecte?
The CEO of Efecte is Niilo Fredrikson.
How much funding does Efecte have?
Efecte raised $0.
How many employees does Efecte have?
Efecte has 191 employees.
Where is Efecte headquarters?
Efecte is headquartered in Espoo, Finland.
Compare Efecte to the industry
Efecte operates across multiple industries. Browse revenue, funding, and growth data for Efecte in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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