AP Moller – Maersk returned in an Inven Capital-led round that lifted the freight management platform developer's total funding to $103m.
Inven Capital, the venture capital fund backed by energy utility Čez, has led a $50m funding round for Germany-based freight management software provider Forto, TechCrunch reported on Tuesday.
Shipping firm AP Moller – Maersk also took part in the round, along with Iris Capital, Rider Global, Northzone, Cherry Ventures, Unbound and H14. It increased Forto’s funding to $103m since it was founded in 2016 as FreightHub.
Forto has built a cloud-based supply chain management system that enables users to book…
