Forto, a Berlin, Germany-based provider of digitized freight forwarding and supply chain solutions, raised $250M in Series D funding.
The round, which placed the company valuation at $2.1 billion, was led by Disruptive with participation from existing investors Softbank Vision Fund 2, G Squared, Northzone, Unbound, and A.P. Moeller Holding.
The company, which raised over $600m to date, intends to use the funds to advance plans to enhance its offering for customers on a global scale.
Led by CEO and Co-Founder Michael Wax, Forto provides digitized freight forwarding and supply chain solutions, which address the entire process stream, from offer, booking, document administration, tracking and tracing to pro-active exemption processing and analysis, supporting customers with visibility, insight, and control.
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. In 2022, Forto plans to further expand its footprint to customers in Poland, Belgium, Sweden and southern Europe.
The company has approximately. 2,500 customers.