Forto
Forto Raises $240M in Series D
Quick Facts
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.
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