Berlin-based digitized logistics startup Forto has raised a funding of $250 million.
The pre-emptive Series D investment was led by Texas investment firm Disruptive and saw the participation of existing investors, including Softbank Vision Fund 2, G Squared, Northzone, Unbound, and A.P. Moeller Holding.
With over $600 million total investment raised until now, the German tech company has almost doubled its valuation to $2.1 billion in eight months.
The startup had earlier raised $240 million funding led by Softbank Vision Fund 2 in June last year.
Founded in 2016 as FreightHub by Ferry Heilemann, Erik Muttersbach, Michael Wax, and Fabian Heilemann, the platform is on a mission to build better logistics and supply chain experiences.
Its digital platform simplifies interactions, removes process friction, and increases visibility around the supply chain to empower customers to make smarter commercial decisions.
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