When was Fortis founded?

Fortis was founded in 1987 and raised its 1st funding round 31 years after it was founded.

Where is Fortis located?

Fortis is headquartered in St John s, Canada. It is registered at Rīga, Mellužu iela 17 - 2.

How many employees does Fortis have?

As of May 31, 2026, the latest employee count at Fortis is 111.

Is Fortis a funded company?

Fortis is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Mar 21, 2018.

When was the latest funding round of Fortis?

Fortis' latest funding was a $***** Post IPO round on Nov 25, 2019, with participation from 0 investor.

Where does Fortis rank among its competitors?

Fortis ranks 60th amongst 2407 active competitors, of which 77 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Fortum, which secured $99.1M in Jul, 2025.

Who are the top competitors of Fortis?

Fortis' top competitors include Iberdrola, Saudi Electricity and Enel. Among them, Fortum secured the most recent funding round in July, 2025.

Fortis - 2026 Company Profile, Team, Funding & Competitors

Fortis is a public company based in St John s (Canada), founded in 1987 by Christian Ice. It operates as a Provider of electricity production and gas distribution services. Fortis has raised an undisclosed amount in funding. The company has 2407 active competitors, including 77 funded and 580 that have exited. Its top competitors include companies like Iberdrola, Saudi Electricity and Enel.

Company Details

Fortis is operating as a diversified electric utility holding company, providing electricity and gas to residential and commercial customers across North America. Serving to 3.3 million utility customers in the regions of Canada, the United States, Central America, and the Caribbean through 10 subsidiary companies. The subsidiary companies are ITC, UNS Energy, Central Hudson, FortisBC, FortisAlberta, and others. In 2022, the company recorded annual revenues of $8.71B and a net profit of $1.12B.

Website: fortisinc.com
Email ID: *****@fortisinc.com
Phone Number: +1 **********
Registered Address: Rīga, Mellužu iela 17 - 2

Key Metrics

Founded Year

1987

Location

St John s, Canada

Stage

Public

Latest Funding Round

Post IPO, Nov 25, 2019, $*****

Ranked

60^th among 2407 active competitors

Employee Count

111 as on May 31, 2026

Investment & Acquisitions

ITC Holdings & 2 more

Similar Companies

Enel & 1098 more

Exit Details

Public

View Fortis' full profile

Fortis is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FORTIS ASSETS CIN: 40103807822 , Latvia, Active	Jul 15, 2014	€0 - €1M (As on Dec 31, 2023)	2 (As on Dec 31, 2023)	-

Fortis got listed on Nov 19, 1969.

Click here to take a look at Fortis's IPO in detail

Fortis has raised funding over 2 rounds. Its first funding round was on Mar 21, 2018.

Here is the list of recent funding rounds of Fortis:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 25, 2019	3918886	Post IPO	2386403	7596220	7344875	2766682
Mar 21, 2018	9502121	Post IPO	8632758	3105929	3060530	6664563

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View details of Fortis's funding rounds and investors

The founders of Fortis is Christian Ice. David Hutchens is the CEO of Fortis.

Here are the details of Fortis' key team members:

Christian Ice: Co-Founder of Fortis.

View details of Fortis's Founder profiles and Board Members

Fortis' employee count trend

Fortis has 111 employees as of May 26. Here is Fortis's employee count trend over the years:

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Top competitors of Fortis include Iberdrola, Saudi Electricity and Enel. Here is the list of Top 10 competitors of Fortis, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Iberdrola 1992, Bilbao (Spain), Public	Provider of integrated solutions and services for energy generation and sustainable development.	-	Qatar Investment Authority, PGGM & 3 others	76/100
2nd	Saudi Electricity 2000, Riyadh (Saudi Arabia), Public	Electric power generator and distributor	-	Citi, MUFG Bank & 9 others	73/100
3rd	Enel 1996, Rome (Italy), Public	Manufacturer and distributor of electricity and gas	-	B Capital Fund, Itau BBA & 6 others	72/100
4th	Vattenfall 1909, Stockholm (Sweden), Funding Raised	Producer of heat and power generating services	-	Taaleri, Societe Generale & 6 others	71/100
5th	Fortum 1998, Espoo (Finland), Public	Provider of clean energy solutions	-	Taaleri, Finnfund & 3 others	70/100
6th	PLN 1945, Jakarta (Indonesia), Funding Raised	Operator of electricity utilites	-	DBS Bank, Mizuho Financial Group & 17 others	70/100
7th	Origin Energy 2000, Sydney (Australia), Public	Energy corporation	-	CVC, Greyrock Investments & 3 others	70/100
8th	Copel 1954, Curitiba (Brazil), Public	Power generation, transmission, and distribution company	-	-	69/100
9th	FirstEnergy Corp 1997, Akron (United States), Public	Provider of electricity production and distribution services	-	Elliott Management, GIC & 4 others	69/100
10th	Georgia Power 1883, Atlanta (United States), Public	Electric utility company	-	DOE, United States Department of Agriculture	68/100
60th	Fortis 1987, St John s (Canada), Public	Provider of electricity production and gas distribution services	-	-	58/100

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Fortis has acquired 3 companies including ITC Holdings, Tucson Electric Power and CH Energy. Fortis has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Sep 02, 2016	Acquisition	ITC Holdings	2000	Novi (United States)
Dec 11, 2013	Acquisition	Tucson Electric Power	1892	Tucson (United States)
Feb 21, 2012	Acquisition	CH Energy	1998	Poughkeepsie (United States)