OverviewSuggest Edit

Forto (previously known as FreightHub) is a company that specializes in logistics technologies. It develops a shipping management platform that enables its customers to optimize and manage their supply chain by digitizing supply chain processes. The platform helps companies to keep track of missing documents, upload necessary files and store them for future use, enabling logistic service providers to book and manage global freight shipments online.

TypePrivate
Founded2016
HQBerlin, DE
Websiteforto.com
Employee Ratings4

Latest Updates

Employees (est.) (Sept 2021)425(+5%)
Cybersecurity ratingBMore

Key People/Management at Forto

Ferry Heilemann

Ferry Heilemann

Co-Founder, Chairman of the Board
Erik Muttersbach

Erik Muttersbach

Co-Founder, Managing Director
Michael Wax

Michael Wax

Co-Founder, Managing Director
Fabian Heilemann

Fabian Heilemann

Co-Founder & Chairman of the Board
Philipp Bastian Römer

Philipp Bastian Römer

VP of Product & Customer Success
Markus Florian Schulz

Markus Florian Schulz

VP of Sales
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Forto Office Locations

Forto has offices in Berlin, Bremen, Hamburg, Köln and in 5 other locations
Berlin, DE (HQ)
37A Saarbrücker Str.
Bremen, DE
Konsul-Smidt-Straße 8R
Hamburg, DE
Willy-Brandt-Straße 1/8. og
Köln, DE
Venloer Str. 310-316
Ningbo Shi, CN
905, 777 Lingqiao Rd, Haishu Qu
Shanghai, CN
Tian Tong Lu
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Forto Financials and Metrics

Summary Metrics

Founding Date

2016

Forto total Funding

$343 m

Forto latest funding size

$240 m

Time since last funding

3 months ago

Forto investors

Forto's latest funding round in June 2021 was reported to be $240 m. In total, Forto has raised $343 m. Forto's latest valuation is reported to be $1.2 b.
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Forto Revenue

Market valuation

1.2b
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Forto Operating Metrics

Jun, 2021

Clients

2.5 k
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Forto Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

Forto Online and Social Media Presence

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Forto News and Updates

Forto raises $240M in funding round led by Softbank, taking its valuation to $1.2Bn

Freight technology startup, Forto, which we most recently covered when it raised $50 million late last year, is upping the stakes. It’s now raised $240 million in a round led by Softbank Vision Fund 2 to expand its trade shipments between China and Europe. Forto manages shipping containers from orig…

Forto Raises $240 Million in Funding Led by SoftBank Vision Fund 2 at $1.2 Billion Valuation

BERLIN, June 21, 2021 /PRNewswire/ -- Forto, the leading provider of digitized freight forwarding and supply chain solutions, today announced that it has successfully raised $240M in an investment round. The round was led by SoftBank Vision Fund 21, with participation from Citi Ventures...

Forto receives $240 million, now shipping at $1.2 billion

Sound that bell ladies and gentlemen, we’ve got another unicorn. Berlin-based digital freight forwarding and supply chain solutions (read: logistics) provider Forto has raised a hefty $240 million. With this round, Forto now weighs in at a $1.2 billion valuation. To date, the startup has raised $360…

Scale-up operating model series: Michael Ardelt of Forto

Editor’s note: This is a series of stories brought to you by Julius Bachmann, a Berlin-based founder coach, and Joyce Mackenzie Liu at Pegafund, providing hands-on advice for how to build and define a startup’s operating model — feel free to reach out to them if that’s something you need. The articl…

Digital freight forwarder Forto raises another $50M, in round led by Inven Capital

Forto, a digital freight forwarder which has experienced a boom during the pandemic, has raised another $50 million in funding. This takes its total investment to $73 million after it raised $23m in debt financing from the European Investment Bank this year. It’s now raised $126 million in total, si…

Hudson Capital Inc. Enters into Definitive Merger Agreement with FreightHub, Inc., a North American Digital Transportation Logistics Platform Company with a Focus on US-Mexico Cross-Border Shipping

NEW YORK, Oct. 15, 2020 (GLOBE NEWSWIRE) -- Hudson Capital Inc. (NASDAQ: HUSN) (Hudson Capital) has entered into a definitive merger agreement to acquire FreightHub, Inc. (Fr8Hub), a North American transportation logistics platform company focused on US-Mexico cross-border shipping. Existing Fr8Hu…
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Forto Blogs

Peak Season 2021: What to Do Now to Secure Your Supply Chain

Major calendar events are – quite literally – casting their shadows ahead for the supply chain: Golden Week in China, Black Friday and Cyber Monday on November 26 and 29, and of course Christmas holidays and also Chinese New Year are already just a few logistics steps away. All of these events mean …

After 5 five amazing years, the journey with Forto has only just begun

Questions for Masa, Chief of Staff to the EVP Engineering at Forto. Five years is a long time in the life of a start-up. Lots of things can happen, good and bad, from the initial idea for the company, to launching and getting it off the ground, and then working hard to see it grow. […] The post Afte…

From a Software Engineer Working in the Logistics Industry

Having a penchant for problem-solving through code, I have been searching for complex domains with challenging problems. These problems, although everywhere, have been approached and tackled by a lot of brilliant minds around the world. As such, coming to Forto and discovering the mammoth that is th…

Advanced Knowledge about Air Freight: All You Have to be Aware of for a Successful Transport

In our last blog post, we have already covered the basics in the area of airfreight. Now it’s time to dive a little deeper into this transport mode. Within this article, we take a closer look at pricing beyond the standard IATA freight rates and shed some light on the various legal frameworks of thi…

An Introduction to Air Freight: All Important Basics for Transporting Goods by Air

For a long time, air freight was considered as the only option for particularly high-value freight and urgent, special deliveries. However, this way of thinking has become outdated and air freight is enjoying increasing popularity, due to its high reliability and great on-time performance. Especiall…

Forto: the place to be for ambitious engineers — just ask its first Senior Principal Engineer why.

A new Q&A with Zeke Arany-Lucas It seems that every time I read the news recently there’s yet another article about space travel. The latest story that caught my attention focussed on an anonymous bidder who paid a staggering US$28m for the privilege of joining Amazon’s Jeff Bezos and his brothe…
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Forto Frequently Asked Questions

  • When was Forto founded?

    Forto was founded in 2016.

  • Who are Forto key executives?

    Forto's key executives are Ferry Heilemann, Erik Muttersbach and Michael Wax.

  • How many employees does Forto have?

    Forto has 425 employees.

  • Who are Forto competitors?

    Competitors of Forto include Shippeo, Matson and Shipwell.

  • Where is Forto headquarters?

    Forto headquarters is located at 37A Saarbrücker Str., Berlin.

  • Where are Forto offices?

    Forto has offices in Berlin, Bremen, Hamburg, Köln and in 5 other locations.

  • How many offices does Forto have?

    Forto has 10 offices.