Forto
Founded Year
2016Stage
Series D - II | AliveTotal Raised
$615.83MValuation
$0000Last Raised
$250M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-17 points in the past 30 days
About Forto
Forto focuses on digital logistics and freight forwarding in the supply chain industry. The company offers services such as sea, air, and rail freight, along with additional services like customs clearance, buyer's consolidation, pre-and-on-carriage, and insurance. Its services are designed to optimize logistics processes and supply chain decisions, providing customers with greater visibility, insight, and control over their supply chain activities. Forto was formerly known as FreightHub. It was founded in 2016 and is based in Berlin, Germany.
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ESPs containing Forto
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The digital freight forwarding market helps shippers manage the end-to-end shipment of freight around the world. These providers offer solutions for automated booking, streamlined pricing, real-time shipment tracking, enhanced inventory visibility, and improved stakeholder communication. Platforms may also use artificial intelligence and machine learning to automate previously manual tasks.
Forto named as Leader among 15 other companies, including The Maersk Group, Kuehne + Nagel, and DSV.
Forto's Products & Differentiators
International logistics, including Ocean, Air and Rail products
Forto customers enjoy a complete logistics service offer that includes ocean, air and rail freight options for import and export trade flows. Whether they ship a single box, a full container or a complete plane or train, Forto can help them find the best transport mode for their cargo.
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Research containing Forto
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Forto in 2 CB Insights research briefs, most recently on Mar 21, 2024.
Expert Collections containing Forto
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Forto is included in 2 Expert Collections, including Supply Chain & Logistics Tech.
Supply Chain & Logistics Tech
5,900 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
1,270 items
Latest Forto News
Feb 18, 2025
Forto, a logistics startup last valued at $2.1B, in talks with Moelis for potential merger or sale Nickie Louise Posted On February 18, 2025 Forto , a Germany-based freight forwarding startup that was last valued at $2.1 billion, is working with investment bank Moelis & Co. to explore options, including a potential merger or sale, The Information reported, citing a person involved in the discussions. Forto stands as one of the closest venture-backed competitors to U.S.-based Flexport, which has also been struggling with a prolonged freight market slump. Both companies are now trying to operate more sustainably after years of aggressive spending to grab market share from industry giants. Since its inception about a decade ago, Forto has raised over $600 million from investors including SoftBank. In 2021 Forto secured a $240 million round led by SoftBank Vision Fund 2. Citi Ventures, G Squared, and existing backers like Northzone, Inven Capital, Cherry Ventures, and Unbound also participated. At the time, Forto said the funding would help advance its mission of making global trade more sustainable. “Forto, a Germany-based freight forwarding company that has raised more than $600 million from investors including SoftBank, has been working with investment bank Moelis & Co. to explore options including a potential merger or sale, according to a person involved in the discussions,” The Information reported . The decision to work with Moelis suggests that Forto is actively considering strategic options to strengthen its market position and future growth. Known for its digital freight forwarding and supply chain solutions, the startup has steadily expanded its global reach. Founded in Berlin in 2016 by Erik Muttersbach and Michael Wax, Forto , previously known as FreightHub, offers an online platform that streamlines freight forwarding operations. The company focuses on developing tech-driven logistics services that simplify more than just the transportation of goods from point A to point B. Over the years, Forto has built a solid customer base of more than 2,000 companies while growing its team to over 250 logistics and tech professionals across nine offices worldwide. In 2019, it raised over $30 million from top-tier VCs, and today, the company employs more than 200 people. With Moelis now advising Forto, industry watchers are waiting to see whether the company will opt for a merger, a sale, or perhaps another round of funding to stay competitive in a sector that’s been feeling the pressure from slowing global trade. 0
Forto Frequently Asked Questions (FAQ)
When was Forto founded?
Forto was founded in 2016.
Where is Forto's headquarters?
Forto's headquarters is located at Schönhauser Allee 9, Berlin.
What is Forto's latest funding round?
Forto's latest funding round is Series D - II.
How much did Forto raise?
Forto raised a total of $615.83M.
Who are the investors of Forto?
Investors of Forto include Northzone, Unbound, G Squared, SoftBank, AP Moller Holding and 19 more.
Who are Forto's competitors?
Competitors of Forto include SHIPSTA and 6 more.
What products does Forto offer?
Forto's products include International logistics, including Ocean, Air and Rail products and 2 more.
Who are Forto's customers?
Customers of Forto include Home24, Zero and BORBET Vertriebs GmbH.
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Compare Forto to Competitors
Beacon specializes in supply chain visibility and collaboration within the logistics and supply chain management domain. The company offers a platform that integrates real-time tracking of sea, air, and road freight, along with tools for sharing logistics documents, managing emissions reporting, and facilitating stakeholder collaboration. Beacon's software is designed to streamline the process of tracking shipments, managing risks, and improving supply chain performance without the need for multiple tracking portals or extensive manual coordination. It was founded in 2018 and is based in London, United Kingdom.
Flexport focuses on logistics and supply chain management. It offers services including customs brokerage, ocean and air freight, trucking, and fulfillment services. Flexport's platform enables businesses to manage their supply chain, covering aspects from order management to delivery, while also offering trade management and climate services. It was founded in 2013 and is based in San Francisco, California.
sennder is a digital road freight forwarder that specializes in full truckload (FTL) services within the logistics and transportation industry. The company connects large commercial shippers with small freight carriers, offering a platform that automates and provides transparency for the road freight market. sennder's services include booking, live tracking of shipments, and logistics management solutions that integrate with shippers' existing systems. It was founded in 2015 and is based in Berlin, Germany.
Porth is a technology company that provides a platform for shipment tracking, collaboration, and management of international purchasing and logistics processes. Porth serves import companies, logistics managers, customs brokers, freight forwarders, and carriers. It was founded in 2020 and is based in Jalisco, Mexico.
Defaf Logistic provides transportation and logistic solutions. The company offers services including the transportation and repair of shipping containers, as well as providing dry, cold, and frozen storage solutions, machine rentals, and petrochemical export services. It was founded in 2016 and is based in Jeddah, Saudi Arabia. The company operates as a subsidiary of Nesma.
CANA operates as a technology solutions company. It specializes in logistics and analytics. The company offers services such as logistics systems integration, applied analytics, warehousing software solutions, and program management, all designed to optimize organizational system performance and value. It primarily serves sectors such as aerospace and defense, energy infrastructure, and esports analytics. It was founded in 2008 and is based in Gainesville, Virginia.
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