Forto

Overview
News
Shipping Tech?
Product stageSegments
Growth
?
Digital freight solutions
?

Forto is a leading provider of digitized freight forwarding and supply chain solutions. The company offers transportation and technology solutions that extend beyond the mere movement of goods from origin to destination. Forto's intuitive logistics technology provides customers with visibility and insights, enabling them to optimize their supply chain activities. The company's platform technologies streamline the entire process, from obtaining quotes and booking shipments to document management, tracking and tracing, proactive exception handling, and analysis. Leading brands across industries such as fashion, furniture, and electronics trust Forto to manage the transport of their goods.

Forto's business model revolves around developing data-driven technology solutions and services for the entire logistics industry, empowering customers to gain control over their supply chains. The company's proprietary order management solution, FortoX, allows users to manage their supply not just on a container or shipment level but on a product level down to the stock-keeping unit (SKU). By eliminating friction from complex and non-transparent logistics processes, Forto aims to make the daily work of logisticians and supply managers more reliable, efficient, and easier.

In April 2020, the company rebranded from FreightHub to Forto, reflecting its evolution and vision to increase global prosperity while driving sustainability. Forto is committed to fortifying global trade by providing reliable, transparent, and efficient solutions that facilitate the smooth movement of goods around the globe. The company has expanded its reach worldwide, with a presence in multiple locations across Europe and Asia, including offices in Berlin, Copenhagen, Hamburg, Ho Chi Minh City, Madrid, Rotterdam, Singapore, Hong Kong, and Shanghai. As of March 2022, Forto has raised over USD 600 million in total investment and achieved a valuation of USD 2.1 billion.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Saarbrücker Straße 37A Berlin DEU
Founded year:
2016
Employees:
501-1,000
IPO status:
Private
Total funding:
USD 593.4 mn
Last Funding:
USD 250.0 mn (Series D; Mar 2022)
Last valuation:
USD 2.1 bn (Mar 2022)
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