Softbank Vision Fund 2 and AP Moller Holding contributed to the freight management software provider's series D round at a $2.1bn valuation.
Germany-headquartered freight forwarding software producer Forto secured $250m yesterday in a series D round featuring internet and telecommunications group Softbank’s Vision Fund 2 and AP Moller Holding, owner of shipping firm AP Moller – Maersk.
Investment firm Disruptive led the round at a $2.1bn valuation and was also joined by G Squared, Northzone and Unbound. The company has now accumulated a total of $610m in funding since it was founded as FreightHub in 2016.
Forto’s software allows businesses to digitise…
