Forto, a German-based freight transport startup, which was last valued at $2.1 billion, is investment bank Moelis & Co. We are working with to investigate options including potential mergers and sales.
Forto stands as one of the competitors backed by the closest venture to US-based Flexport. The companies are now trying to operate more sustainably after years of aggressive spending to gain market share from industry giants.
Since its founding about 10 years ago, Forto has raised over $600 million from investors, including SoftBank. In 2021, Forto secured a $240 million round led by SoftBank Vision Fund 2. Existing supporters such as CitiVentures, G Squared, and Northzone, Inven Capital, Cherry Ventures and Unbound also participated. At the time, Fort said the funding would help promote its mission to make global trade more sustainable.
“Forto, a German-based freight carrier that has raised over $600 million from investors including SoftBank, has collaborated with investment bank Moelis & Co. to investigate potential mergers and sales options. Reported information.
The decision to work with Moelis suggests that Forto is actively considering its strategic options to strengthen its market position and future growth. Known for its digital cargo forwarding and supply chain solutions, the startup has steadily expanded its global reach.
Founded in Berlin in 2016, Erik Muttersbach and Michael Wax, known as Forthub, but Freighthub. The company focuses on developing technology-driven logistics services that simplify more than transporting goods from Point A to Point B.
Over the years, Forto has built a solid customer base of over 2,000 companies and has grown its teams to over 250 logistics and tech professionals in nine offices around the world. In 2019, it raised over $30 million from the finest VCS, and today the company employs more than 200 people.
With Moelis currently advising the Fort, industry watchers would choose alternative funds to stay competitive in sectors where the company is feeling pressured by mergers, sales, or perhaps slowing global trade. I’m waiting to confirm.
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