Forto - About the company
Forto is a series D company based in Berlin (Germany), founded in 2016 by Michael Wax and Ferry Heilemann. It operates as a Provider of tech-enabled freight forwarding services. Forto has raised $610M in funding from investors like Northzone, Inven Capital and Cherry Ventures, with a current valuation of $2.1B. The company has 1317 active competitors, including 60 funded and 79 that have exited. Its top competitors include companies like Flexport, Zencargo and Nuvocargo.
Sectors and market segments that Forto operate in
Forto serves in the Transportation and Logistics Tech market segments.The primary business model of Forto is:Company Details
Provider of tech-enabled freight forwarding services. Its platform enables multi-modal cargo transport and freight forwarding. It includes features like fulfillment and warehousing through its logistics partners, contract management and negotiation, online shipment booking and tracking, real-time quotations, documentation, customs clearance, and goods consolidation.
- Website
- forto.com/en/
- Social
- Email ID
- *****@forto.com
- Phone Number
- +49 **********
Key Metrics
Founded Year
2016
Location
Berlin, Germany
Stage
Series D
Total Funding
$610M in 8 rounds
Latest Funding Round
Post Money Valuation
$2.1B as on Mar 07, 2022
Ranked
2nd among 1317 active competitors
Employee Count
483 as on Aug 31, 2026
Legal entities associated with Forto
Forto is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Forto Logistics Se Co Kg CIN: HRA59162 , Germany, Active | Oct 12, 2021 | - | - | |
Forto GmbH CIN: HRB175958 , Germany, Active | Apr 13, 2016 | - | 251 (As on Dec 31, 2020) | |
FreightHub GmbH CIN: HRB175958B , Germany, Active | Jun 13, 2016 | - | 15 (As on Dec 31, 2016) |
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Forto's funding and investors
Forto has raised a total funding of $610M over 8 rounds. Its first funding round was on 2016. Its latest funding round was a Series D round on Mar 07, 2022 for $250M. 7 investors participated in its latest round. Forto has 27 institutional investors and 5 angel investors.
Here is the list of recent funding rounds of Forto:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 07, 2022 | $250M | Series D | $2.1B | - | ||
Jun 19, 2021 | $240M | Series C | $1.2B | - | ||
Nov 17, 2020 | $50M | Series C | - | - |
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Forto's founders and board of directors
Founder? Claim ProfileThe founders of Forto are Michael Wax and Ferry Heilemann.
Here are the details of Forto's key team members:
- Michael Wax: Former Co-Founder of Forto and founder of 2 other companies, KONUX and FreightHub. They are also an angel investor in 22 startups and serve on the board of 1 company.Contact Info: 3 email addresses
- Ferry Heilemann: Co-Founder of Forto and founder of 3 other companies, Heilemann Ventures, AENU and DailyDeal. They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info: 1 email address
Forto's Board of Directors
Forto's board has 3 active members. Michael Wax, Erik Muttersbach and Michael Ardelt are part of team.Here is the list of Forto's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 6y 1m | |
Team | - | Current | 10y 5m | |
Team | - | Past | 0y 2m | |
Team | - | Past | 4y 1m | |
Team | - | Current | 6y 1m |
View details of Forto's Founder profiles and Board Members
Forto's employee count trend
Forto has 483 employees as of Aug 26. Here is Forto's employee count trend over the years:
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Forto's Competitors and alternates
Top competitors of Forto include Flexport, Zencargo and Nuvocargo. Here is the list of Top 10 competitors of Forto, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Flexport 2013, San Francisco (United States), Series E | Provider of end-to-end supply chain logistics platform | $2.5B | 74/100 | |
2nd | Provider of tech-enabled freight forwarding services | $610M | 69/100 | ||
3rd | Zencargo 2017, London (United Kingdom), Series B | Provider of digital freight forwarding and supply chain management services | $66.4M | 63/100 | |
4th |  Nuvocargo 2018, New York City (United States), Series B | Tech-enabled freight forwarding service provider | $75.6M | 63/100 | |
5th | Provider of tech-enabled multi-modal freight forwarding services | $46M | 62/100 | ||
6th |  Full Truck Alliance 2017, Guiyang (China), Public | Tech-enabled freight forwarding service provider | $1.69B | 60/100 | |
7th | Tech enabled trucking services | $413M | 59/100 | ||
8th | C.H. Robinson Worldwide 1905, Eden Prairie (United States), Public | Provider of third-party logistics and supply chain management services | - | - | 59/100 |
9th | Provider of freight forwarding customs brokerage trucking and warehousing services | $2.55M | 59/100 | ||
10th |  Airspace 2016, Carlsbad (United States), Series D | Offers web-based cargo management solutions for the air logistics industry | $138M | 58/100 |
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Forto's Investments and acquisitions
Forto has made no investments or acquisitions yet.
Reports related to Forto
Here is the latest report on Forto's sector:
News related to Forto
Filter this listMedia has covered Forto for 1 event in last 1 year, It was about company updates.
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Forto, a logistics startup last valued at $2.1B, in talks with Moelis for potential merger or saleTechStartups.com•Feb 19, 2025•Moelis & Company, Forto
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Plato raises $6.5M for AI-based ERP automation platformTech.eu•Nov 04, 2024•Plato, Cherry Ventures, Microsoft, SAP and 3 others
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Forto, a logistics technology company valued at $2.1 billion, entered the Turkish marketegirisim•May 08, 2024•Forto
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German fintech startup Naro exits stealth mode with €2.7M pre-seed fundingSilicon Canals•Mar 14, 2024•Naro, La Famiglia, Discovery Ventures, Flix and 11 others
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Berlin fintech Banxware raises 15 million euros - and is planning cooperation with HypovereinsbankHandelsblatt•Nov 30, 2023•Banxware, UniCredit, Open, Fabrick and 14 others
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