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- Forto
Forto Valuation, Funding & Investors
Forto is valued at $2.1B as of March 2022.
Last Forto valuation
$2.1B
Series D · Mar 2022
Last Forto funding round
$250M
Series D · Mar 2022
Cumulative funding Forto raised
$592M
across 6 funding rounds
Key investors in Forto
NAP
Northzone
Cherry Ventures
Global Founders Capital
La Famiglia
Unbound
About Forto
Forto is a digital freight forwarder operating across Europe with a platform for ocean and air cargo bookings. Berlin-headquartered since 2016, it uses AI for rate comparisons, documentation automation, and tracking, handling 100,000 TEUs annually. The company serves shippers like automotive suppliers, partnering with carriers such as Maersk for seamless door-to-door logistics.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
Valuation
$2.1B (Mar 2022)
Forto Valuation
Forto is currently valued at $2.1B, based on its Series D in March 2022.
The $250M round was led by Disruptive, with participation from SoftBank Group, NAP, G Squared, La Famiglia, Unbound and 2 other investors.
Forto's valuation has grown 1.8x from $1.2B at its Series C in June 2021 to $2.1B in March 2022, across 2 priced rounds.
Forto valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2022 | Series D | $2.1B |
| Jun 2021 | Series C | $1.2B |
Forto Funding History
Forto has raised a total of $592M across 6 funding rounds.
Forto's first fundraising round was a $3M seed round in September 2016. The most recent completed round was a $250M Series D in March 2022.
Forto funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2022 | Series D | Disruptive (lead); SoftBank Group; NAP; G Squared; La Famiglia; Unbound; Northzone; A.P. Moller Holding | $250M | $2.1B | Forto, a Berlin-based provider of digitized freight forwarding and supply chain solutions founded in 2016 by Ferry Heilemann, Erik Muttersbach, Michael Wax, and Dr. Fabian Heilemann, announced a pre-emptive Series D funding round of $250 million on March 7, 2022, led by Disruptive with participation from SoftBank Vision Fund 2, G Squared, Northzone, Unbound, and A.P. Moller Holding. The round valued the company at a post-money valuation of $2.1 billion, building on a previous $240 million raise in June 2021 led by SoftBank Vision Fund 2, bringing total funding raised to over $600 million. The investment aims to accelerate international expansion, broaden product offerings, and support geographic growth into markets like Poland, Belgium, Sweden, and southern Europe amid supply chain challenges. Forto's platform handles the full freight process from booking and documentation to tracking and analytics, serving over 2,500 customers including manufacturers and e-commerce brands like Home 24 and Edeka. At the time, the company operated 16 locations across Europe and Asia with more than 750 employees in offices including Berlin, Copenhagen, Hamburg, Ho Chi Minh City, Madrid, Rotterdam, Singapore, Hong Kong, and Shanghai. It focuses on sea, rail, and air freight, shipping up to 10,000 containers annually, emphasizing transparency, frictionless operations, and sustainability in global logistics. The funding reflects strong investor confidence in Forto's technology-driven approach to address visibility and control issues in supply chains, as highlighted by Disruptive CEO Alex Davis. CEO Michael Wax noted the raise allows acceleration of existing strategies despite market challenges, leveraging the company's well-funded position from prior rounds. |
| Jun 2021 | Series C | SoftBank Group (lead); NAP; G Squared; H14; Citi Ventures; Unbound; Cherry Ventures; Inven Capital; Northzone | $239M | $1.2B | Forto is a Germany-headquartered freight forwarding and supply chain digitalization software provider that automates shipping processes across sea, air, and rail transportation. The company's platform enables businesses to digitize their shipping activities, automating offer generation, booking, and document administration while providing advanced data analytics for real-time shipment tracking and activity planning. The company was founded in 2016 as FreightHub and had accumulated approximately 2,500 clients by mid-2021, including Home 24 and German supermarket chain Edeka, with capacity to ship up to 10,000 containers annually. In June 2021, Forto raised $240 million in Series C funding (referenced as both Series C and Series D in sources, though the June 2021 round preceded a later $250 million Series D in late 2021) at a $1.2 billion post-money valuation. The round was led by SoftBank Vision Fund 2 and included both new and existing investors such as Citi Ventures, G Squared, Northzone, Cherry Ventures, Unbound, and Inven Capital. This investment represented a significant milestone for the German logistics software sector, positioning Forto alongside other digital freight forwarding innovators in Europe. The funding enabled Forto to expand its trade shipment capabilities, particularly between China and Europe, and strengthened SoftBank's portfolio in logistics technology following its earlier investment in China's Full Truck Alliance. |
| Jul 2020 | Series B | Inven Capital (lead); Maersk Growth; NAP; Rider Global; IRIS; H14; Cherry Ventures; Northzone | $50M | - | - |
| May 2019 | Series B | Rider Global (lead); Unbound (lead); Maersk Growth; NAP; Global Founders Capital; Cherry Ventures; Northzone | $30M | - | Forto was founded in 2016 and operates as a digital freight forwarder and supply chain management platform serving over 2,000 customers globally. Rider Global and Unbound are mentioned as early investors. Forto raised $50 million in a 2020 round led by Inven Capital and Iris Capital, bringing total funding to $126 million since inception in 2016. Forto raised an additional $240 million in June 2021 at a $1.2 billion valuation, led by SoftBank Vision Fund 2. By 2022, Forto raised $250 million in Series D funding at a $2.1 billion valuation, led by Disruptive. |
| Dec 2017 | Series A | Northzone (lead); NAP; Global Founders Capital; La Famiglia; Cherry Ventures | $20M | - | - |
| Sep 2016 | Seed | Cherry Ventures (lead); Global Founders Capital (lead); NAP; La Famiglia; Saarbruecker 21 | $3M | - | - |
Who has invested in Forto?
17 investors have backed Forto across its funding rounds, including NAP, Northzone, Cherry Ventures, Global Founders Capital, La Famiglia and Unbound.
Lead investors include Disruptive, SoftBank Group, Inven Capital, Rider Global, Unbound and 3 other investors.
Forto Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Participant | Sep 2016 | ||
| 5 | Lead | Sep 2016 | ||
| 5 | Lead | Dec 2017 | ||
| 3 | Lead | Sep 2016 | ||
| 3 | Participant | Sep 2016 | ||
| 3 | Lead | May 2019 | ||
| 2 | Participant | May 2019 | ||
| 2 | Lead | Jun 2021 | ||
| 2 | Lead | May 2019 | ||
| 2 | Participant | Jun 2021 | ||
| 2 | Participant | Jul 2020 | ||
| 2 | Lead | Jul 2020 | ||
| 1 | Lead | Mar 2022 | ||
This data is available for Pro users. Sign up to see all 17 Forto investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialForto Competitors
Forto competitors include listed companies like Transfar Zhilian Co and Delhivery, and private ones like Loggi, EasyPost, Xpressbees and Saic Anji Logistics Co., Ltd.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $3.7B | $258M | $1.9B | 1.3x | ||
| Private | - | - | $1.8B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | $271M | - | $1.4B | 5.2x | ||
| Private | - | - | $1.4B | - | ||
| Publicly listed | $1.1B | $80M | $3.4B | 2.7x |
Forto Public Comps
Forto is still privately-owned, but its public comps include Karooooo, Werner Enterprises, Hub Group, Xinhua Winshare, Alexandria Containers and Goods, GigaCloud Technology, Transfar Zhilian Co, STEF, Pitney Bowes and ID Logistics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $337M | $148M | 6.3x | 5.7x | 14.3x | 13.8x | |||
| $3B | $299M | 1.0x | 0.9x | 10.3x | 7.7x | |||
| $3.9B | $333M | 0.6x | 0.7x | 7.4x | 9.4x | |||
| $1.7B | $248M | 0.4x | 0.4x | 2.9x | 3.4x | |||
| $160M | $102M | 11.4x | 10.5x | 17.9x | 14.4x | |||
| $1.3B | $158M | 1.6x | 1.4x | 12.8x | 10.6x | |||
| $3.7B | $258M | 1.0x | 1.3x | 14.0x | 12.5x | |||
| $5.9B | $508M | 0.6x | 0.6x | 6.8x | 6.0x | |||
This data is available for Pro users. Sign up to see all Forto competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Forto
| When was Forto founded? | Forto was founded in 2016. |
| Where is Forto headquartered? | Forto is headquartered in Berlin, Germany. |
| Is Forto publicly listed? | No, Forto is a private, VC-backed company. |
| What is Forto's valuation? | Forto was last valued at $2.1B in its Series D in March 2022. |
| How much funding has Forto raised? | Forto has raised $592M across 6 funding rounds. |
| What was Forto's last funding round? | Forto's last funding round was a $250M Series D in March 2022, led by Disruptive. |
| Who are Forto's investors? | Forto's investors include NAP, Cherry Ventures, Northzone, Global Founders Capital, La Famiglia, Unbound, Maersk Growth, SoftBank Group, Rider Global, G Squared and 7 others. |
| Which companies are comparable to Forto? | Companies comparable to Forto include Transfar Zhilian Co, Loggi, EasyPost, Xpressbees, Saic Anji Logistics Co., Ltd and Delhivery. |
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