Forto

Forto, formerly known as FreightHub, is a SaaS-based developer for freight business that make data-driven technology solutions and services available to the logistics industry.

Forto empowers people to make better business decisions by digitizing supply chain processes.

Forto was founded in 2016 by Ferry Heilemann, Erik Muttersbach, Michael Wax and Dr. Fabian Heilemannby. The company is headquartered in Berlin and has 11 locations across Europe and Asia including offices in Berlin, Copenhagen, Hamburg, Ho Chi Minh City, Singapore, Hong Kong, and Shanghai.

 

Forto offers transport services for sea, air and rail freight, built on digitized processes. Through qualified and up‐to‐date data, Forto provides the basis and creates the transparency to simplify the entire process and to increase efficiency in logistics.

 

Forto platform technologies address the entire process stream, from offer, booking, document administration, tracking and tracing to pro-active exemption processing and analysis, supporting our customers with greater visibility, insight, and control.

 

Forto works with more than 2,500 customers worldwide, who use Forto´s solutions to manage and optimize their global supply chains. Some of their customers include Dussmann das KulturKaufhaus, Zero, Home 24, Osann, and Wünsche Group.

 

Forto is backed by SoftBank Vision Fund 2, Citi Ventures, EIB, G Squared, Inven Capital, Cherry Ventures, Northzone, Disruptive, Iris Capital, Cavalry Ventures, Maersk Growth, A.P. Moeller Holding, and others. The company raised $250M in Series D round on Mar 07, 2022. This brings Forto's total funding to $622.5M to date. The latest round nearly doubled the company's valuation to $2.1B, up from its previous $1.2B gained from previous Series C raised in Jun 2021.

 

 

  • Year founded: 2016
  • Funding Info: $622.5M over 8 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 501-1,000
  • Business Valuation: Valued at $2.1B as of Mar 07, 2022
  • City/Town: Berlin
  • State: Berlin
  • Country: Germany
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