Forto Raises $240M in Series D

Forto has successfully raised $240M in a Series D at a $1.2B valuation led by Inven Capital, Vorwerk Ventures, Cherry Ventures, Northzone, Cavalry Ventures, Partech, Tengelmann Ventures.

Company Overview

Forto is a Logistics company headquartered in Stralauer Platz 33-34, Berlin 10243, Germany, founded in 2016 with 800+ employees.

Digital freight forwarding

Fundraising Details

Amount Raised: $240M
Round Type: Series D
Valuation: $1.2B
Date: 2024-01-20
Investors: Inven Capital, Vorwerk Ventures, Cherry Ventures, Northzone, Cavalry Ventures, Partech, Tengelmann Ventures

About Forto

Digital freight forwarding The company is positioned in the Logistics sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Stralauer Platz 33-34, Berlin 10243, Germany
Founded: 2016
Team Size: 800+
Industry: Logistics

What This Means

This funding round demonstrates strong investor confidence in Forto's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Logistics sector continues to attract significant investment as companies innovate to meet evolving market demands. Forto's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.2B valuation marks an important milestone for Forto, positioning the company among notable players in the Logistics industry.

Looking Ahead

With this new capital, Forto is well-positioned to execute on its growth strategy and continue building innovative solutions in the Logistics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-01-20. For more information about Forto, visit their headquarters at Stralauer Platz 33-34, Berlin 10243, Germany.