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    Logistics startup, Forto has raised a funding of $250 million

    Berlin-based digital logistics startup Forto has raised a funding of $250 million.

    The pre-emptive Series D investment was led by Texas investment firm Disruptive and saw the participation of existing investors, including Softbank Vision Fund 2, G Squared, Northzone, Unbound, and A.P. Moeller Holding.

    The German tech company almost doubled its value to $2.1 billion with an investment of more than $600 million.

    The startup had earlier raised $240 million funding led by Softbank Vision Fund 2 in June last year.

    Founded in 2016 as FreightHub by Ferry Heilemann, Erik Muttersbach, Michael Wax, and Fabian Heilemann, the platform is on a mission to build better logistics and supply chain experiences.

    The digital platform facilitates communication, eliminates process friction and provides visibility throughout the supply chain, empowering customers to make better commercial decisions.

     

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