NEON advises Forto on $250 million series D financing round with Disruptive

10 March 2022 | NEON is advising Forto, a leading provider of digitized freight forwarding and supply chain solutions, on a $250 million Series D financing round with lead investor Disruptive.

The current financing round brings the total investment in Forto to over $600 million US dollars. Having only risen to Unicorn status in June 2021 with the previous financing round, the company’s valuation now rises to $2.1 billion US dollars. In addition to new investor Disruptive, existing investors including Softbank Vision Fund 2, G Squared, Northzone, Unbound and A.P. Moeller Holding also participated in the round.

Forto was founded in Berlin in 2016 with a vision to create a highly transparent and sustainable digital supply chain and has grown steadily and rapidly since then. The company uses its digital platform to simplify interactions, remove friction from processes, and increase transparency throughout the whole supply chain, making global trade not only easier, but also safer and more sustainable.

In total, Forto currently employs more than 750 people across 16 locations in Europe and Asia and counts leading manufacturers and e-commerce brands among its 2,500 customers.

The latest investment is intended to accelerate international growth and the expansion of its product offering.

Background:

NEON‘s team has already advised Forto during its two previous financing rounds in September 2020 and June 2021. The Berlin-based unicorn is currently one of the top 20 freight forwarders for trade between Asia and Europe as well as one of the top10 startups in Germany, leading a new generation of logistics companies.