2024 Revenue
$3.8M
Customers
800
Funding
$4M
YOY
16%
Avg ACV
$4.7K
Team
20
Founded
2009
How Rackforest CEO Nabil Atiyeh grew to $3.8M revenue and 800 customers in 2024.
Our goal is to provide professional server hosting, server rental and server operation services. Building on high end infrastructure, while keeping a great value for money for our customers without sacrificing the need for a stable, solid and reliable set of services.
Last updated
Rackforest Revenue
In 2024, Rackforest's revenue reached $3.8M. The company previously reported $3.3M in 2023. Since its launch in 2009, Rackforest has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Rackforest Hit $3.8m revenue in October 2024 | |
| 2023 | Rackforest Hit $3.3m revenue in December 2023 | |
| 2021 | Rackforest Hit $2.9m revenue in March 2021 | |
| 2009 | Launched with $0 revenue |
Rackforest Valuation, Funding Rounds
Rackforest has not publicly disclosed its valuation. The company has raised $4M in total funding to date.
Rackforest has raised $4M in total funding across 1 round, with its most recent round in 2021.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2021 | Funding round | $4M | - | - |
Founder / CEO
Nabil Atiyeh
CEO
CEO and Owner at Rackforest Kft. I have gained experience at several multinational and Hungarian small and medium sized businesses in different leading positions at the fields of manufacturing, telecommunications and Internet. At Flextronics I was in charge of the global supplier and client account management system. Later on I helped design the IT security and IT strategy of Vodafone Hungary. I was in charge of leading DoclerWeb Kft. and Dotroll Kft. within Docler group. In 2011 DoclerWeb Kft. established its hosting branch of business and I made it recognised and successful.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Rackforest serves 800 customers.
Rackforest Employees & Team Size
Rackforest employs approximately 20 people as of 2026, up from 17 in 2023. It serves 800 customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 20 employees (October 2024) |
| 2023 | Reached 17 employees (December 2023) |
| 2022 | Reached 18 employees (December 2022) |
| 2021 | Reached 18 employees (December 2021) |
| 2021 | Reached 20 employees (March 2021) |
Frequently Asked Questions about Rackforest
What is Rackforest's revenue?
Rackforest generates an estimated $3.8M in annual revenue.
Who founded Rackforest?
Rackforest was founded by Nabil Atiyeh.
Who is the CEO of Rackforest?
The CEO of Rackforest is Nabil Atiyeh.
How much funding does Rackforest have?
Rackforest raised $4M across 1 round.
How many employees does Rackforest have?
Rackforest has 20 employees.
Where is Rackforest headquarters?
Rackforest is headquartered in Budapest, Hungary.
Compare Rackforest to the industry
Rackforest operates across multiple industries. Browse revenue, funding, and growth data for Rackforest 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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