Forto, a Berlin, Germany-based leading provider of digitized freight forwarding and supply chain solutions, announced that it raised $250 Million in a pre-emptive Series D investment.
The round was led by Disruptive, with participation from existing investors including Softbank Vision Fund 2, G Squared, Northzone, Unbound, and A.P. Moeller Holding. The current round places the company valuation at $2.1 billion.
This investment will further advance the company's plans to enhance its offering for customers on a global scale. The new funding builds upon the company's significant financial position, with the total investment raised over $600 million to date.
Forto plans to further expand its footprint to customers in Poland, Belgium, Sweden, and southern Europe.
Company: Forto Logistics GmbH & Co. KG
Raised: $250.0M
Round: Series D
Funding Month: March 2022
Lead Investors: Disruptive
Additional Investors: Softbank Vision Fund 2, G Squared, Northzone, Unbound, and A.P. Moeller Holding
Company Website: https://forto.com/
Software Category: Digitized freight forwarding and supply chain solutions
About the Company: Founded in 2016 by Ferry Heilemann, Erik Muttersbach, Michael Wax, and Dr. Fabian Heilemannby. Forto advances the vision to deliver a highly transparent, frictionless, and sustainable digital supply chain. Forto platform technologies address the entire process stream, from the offer, booking, document administration, tracking, and tracing to pro-active exemption processing and analysis, supporting our customers with greater visibility, insight, and control. Leading manufacturers and e-commerce brands are among the 2,500 customers using Forto's digitally-focused offerings as part of their supply chain delivery. Headquartered in Berlin, Germany, the company currently has more than 750 employees with 16 locations across Europe and Asia including offices in Berlin, Copenhagen, Hamburg, Ho Chi Minh City, Madrid, Rotterdam, Singapore, Hong Kong, and Shanghai.
Source: https://www.prnewswire.com/news-releases/forto-announces-new-investment-of-250-million-to-accelerate-international-expansion-and-broadening-of-product-offering-301496747.html