# Forto Logistics GmbH & Co. KG

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/forto-logistics-gmbh-co-kg

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.forto.com
- Total disclosed funding: $593M
- Latest round: Series D (Mar 7, 2022)
- Investors on record: 16

## About

Founded in 2016 and based in Berlin, Germany, Forto GmbH, formerly known as FreightHub GmbH, operates as a software company that develops and provides digital freight forwarding solutions. CEO Michael Wax, CTO Erik Muttersbach, Fabian Heilemann, and Ferry Heilemann co-founded the company and have raised venture capital funding from private equity investors including, Northzone, Cherry Ventures, and Cavalry Ventures. Forto GmbH currently employs more than 500 in 12 locations, and in June 2021, SoftBank led a USD 240 million funding with a USD 1.2 billion post-money valuations.

Forto GmbH's development team offers artificial intelligence(AI) -based freight forwarding platform that enables the logistics industry to digitize the supply chain process and allow customers to generate quotations, bookings, document management, track and trace their shipment. The company also offers supply chain data analytics and cargo insurance on all shipments handled.

Forto GmbH generates revenue by offering digital logistics software to enterprises within the sea, air, and rail freight industry.

The company will use the June 2021 financing to digitize global trade further and expand its geographical footprint, technology platform, and customer operations in Europe and beyond.

## Funding rounds

- Series D, Mar 7, 2022, $250M — Northzone, G Squared, Disruptive, SB Investment Advisers, A.P. Moller Holding, Unbound
- Series C, Jun 21, 2021, $240M — Northzone, G Squared, Citi Ventures, Cherry Ventures, Inven Capital, NAP, SB Investment Advisers, Holding14, Unbound
- Series C, Sep 21, 2020, $50M — Northzone, IRIS, Cherry Ventures, Inven Capital, NAP, A.P. Moller Holding, Holding14, Rider Global
- Series B, May 2, 2019, $30M — Northzone, Global Founders Capital, Unbound, Cherry Ventures, A.P. Moller Holding, Rider Global
- Series A, Dec 12, 2017, $20M — Northzone, Global Founders Capital, Cherry Ventures, NAP, La Famiglia
- Seed, Sep 16, 2016, $3.4M — Global Founders Capital, Cherry Ventures, NAP, Saarbruecker21, La Famiglia

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed, Series A, Series B
- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Seed, Series A, Series B, Series C
- NAP (https://capitalatlas.ai/funds/nap) — Seed, Series A, Series C
- Saarbruecker21 (https://capitalatlas.ai/funds/saarbruecker21) — Seed
- La Famiglia (https://capitalatlas.ai/funds/la-famiglia) — Seed, Series A
- Northzone (https://capitalatlas.ai/funds/northzone) — Series A, Series B, Series C, Series D
- Unbound (https://capitalatlas.ai/funds/unbound) — Series B, Series C, Series D
- A.P. Moller Holding — Series B, Series C, Series D
- Rider Global — Series B, Series C
- IRIS (https://capitalatlas.ai/funds/iris) — Series C
- Inven Capital (https://capitalatlas.ai/funds/inven-capital) — Series C
- Holding14 — Series C
- G Squared (https://capitalatlas.ai/funds/g-squared) — Series C, Series D
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series C, Series D
- Disruptive (https://capitalatlas.ai/funds/disruptive) — Series D