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Forto in the News

10/08/2022 Forto and Hapag-Lloyd Partner to Deliver Biofuel Alternative for Customers Through a new partnership with Hapag-Lloyd, a leading global liner shipping company, Forto has launched a biofuel program for ocean shipping customers who seek to reduce their transport emissions. Customers booking full container load (FCL) sea freight shipments with Forto can now add the use of advanced biofuel to their bookings, effectively reducing 100% of their transport’s greenhouse gas emissions. As Hapag-Lloyd has extended their biofuel strategy to work with selected key partners, Forto has delivered the first customer in Hapag-Lloyd’s biofuel program. Read now
15/06/2022 Forto Opens Poland Office with Pawel Skwarlo as Country Lead Forto, a leading provider of digitized freight forwarding and supply chain solutions, today announced further expansion into the Eastern-European markets with a new office based in Warsaw, Poland. Read now
18/05/2022 Forto Appoints Thomas Eisenblätter Vice President Global Sea Freight Management, FCL Forto, a leading provider of digitized freight forwarding and supply chain solutions, today announced the appointment of Thomas Eisenblätter as Vice President of Global Sea Freight Management, FCL. In his new role, Eisenblätter will oversee the procurement and business development of the Forto offerings for international Sea Freight. Read now
17/03/2022 Forto Further Strengthens Leadership Team with Appointment of Anne-Marie Andric as Chief People Officer Forto, a leading provider of digitized freight forwarding and supply chain solutions, today announced the appointment of Anne-Marie Andric to the company’s executive leadership team as Chief People Officer. Read now
07/03/2022 Forto Announces New Investment of $250 Million to Accelerate International Expansion and Broadening of Product Offering New Series D Funding Raises Company Valuation to $2.1 Billion Read now
13/01/2022 Forto Appoints Jochen Freese Executive Vice President of Procurement and Business Development Former Chief Commercial and Marketing Officer for Ceva Logistics brings more than 15 years of expertise working with global enterprise customers. New department structure under Freese focuses on business development, strategic partnerships, and global procurement. Freese’s appointment further strengthens the company’s efforts to expand its global forwarding infrastructure. Read now
17/12/2021 From Europe to the World: Forto Announces Vietnam Office, Further Strengthening Its Presence in Asia Opening a new office in Ho Chi Minh City expands its geographical footprint in Asia. The company currently has offices in Shanghai, Shenzhen, Singapore, Tianjin, Ningbo and Hong Kong. Wolfgang Richt joins as new country director, bringing more than 40 years of logistics expertise working with companies such as DHL Global Forwarding, Pan Asia Logistics, and Royal Cargo, Inc. Eric Reuter, Vice President Forto Asia: „Vietnam is a huge milestone for Forto’s expansion in the Asia region. We are ready to take the next step, delivering transport solutions in a more innovative and sustainable way“. Read now
18/11/2021 Forto Marks Sustainability Milestones: 50% of Sea Freight Volume, and 65% of Customers Shipped with Forto Using CO2e Emission Offsetting in Q3 2021 – Faster-than-forecasted Uptake Signals New Momentum In Movement Towards Climate Neutral Logistics Forto climate neutrality programs gain rapid customer adoption hitting 50% climate neutrality target almost two years ahead of forecast. Shipping customers demonstrate increased interest in sustainable offers that align with their own sustainability goals. „We see these metrics as positive indicators of a significant market shift. Sustainability topics are moving to the forefront of customer agendas more than ever before,“ explained Michael Wax, CEO and co-founder of Forto. Read now
08/11/2021 Digital Freight Logistics Provider Forto Opens Netherlands Office with Industry Expert Marcel Beentjes as Country Director Forto opens Netherlands operations Marcel Beentjes, formerly European Commercial Leader at Uber Freight to lead commercial activity in the region Read now
21/09/2021 International Digital Logistics Leader Forto kicks off Iberian Expansion with its First Office In Spain and Appointment of Angel Hierro as Director Iberia Forto sets course for its European expansion with its first office in Madrid, Spain. Logistics industry veteran Angel Hierro brings 25+ years of international logistics expertise with companies such as Agility and to join as Director Iberia and Country Manager. The new player strengthens its position to drive market leadership in digitally driven, sustainable logistics. Read now
02/07/2021 Digital Logistics Leader Forto Accelerates European Expansion with New Offices In Denmark Forto sets course for its European expansion with new offices in Copenhagen and Aarhus in Denmark. „Opening new European locations enables us to better manage our trade lanes and strategically open new markets. Copenhagen offers the synergies of a dynamic and innovative digitally-oriented market with a world-class transportation infrastructure.“ says Michael Wax, CEO Forto Read now
21/06/2021 Forto Raises $240 Million in Funding Led by SoftBank Vision Fund 2 at $1.2 Billion Valuation Forto, the leading provider of digitized freight forwarding and supply chain solutions, today announced that it has successfully raised $240M in an investment round. The round was led by SoftBank Vision Fund 2 , with participation from Citi Ventures and G Squared, and strong backing from existing investors including Northzone, Inven Capital, Cherry Ventures, and Unbound. With this round, Forto’s valuation now stands at $1.2 Billion. „With this investment we are able to further accelerate our growth path and roadmap,” adds Michael Wax, CEO and Co-Founder of Forto. “In our effort to further digitize global trade, we plan to significantly expand our geographical footprint, technology platform, and customer operations, to cement our market leadership in Europe and beyond.” Read now
21/05/2021 New Leadership Appointments strengthen Forto`s position to drive Market Leadership in Digital Logistics: Former J.P. Morgan MD Guillaume Petit-Perrin Joins as Chief Financial Officer. Lyft VP of Product and GM Kamil B. Rodoper Named Executive VP of Product. Guillaume Petit-Perrin strengthens Forto finance and operations as Chief Financial Officer (CFO). Kamil B. Rodoper to join Forto as Executive Vice President of Product starting June 2021. The company adds international experience, financial pedigree and product leadership to complete its executive team and to position for its next phase of growth. „Our strategy continues to focus on bringing together our operational excellence in freight forwarding and our SaaS platform investments. Our expanded leadership team has the right combination of business, industry and technical expertise to help us realize this vision,“ says Michael Wax, CEO at Forto. Read now
08/04/2021 #Fortomorrow – Forto sets a new industry benchmark by offering all transports climate neutral until 2025. The company has set its goal to make its transports 100% climate-neutral by 2025. Sustainability is an integral part of the corporate vision of the progressive logistics start-up Forto, driven by multiple initiatives for its employees and customers.Initiativen für Mitarbeiter und Kunden untermauert. “The logistics industry presents great potential when it comes to contributing to a more sustainable future.We see it as our responsibility to move first and use this leverage to help our industry to transform”, says Michael Wax, CEO of Forto. Read now
01/12/2020 Forto continues to build on a strong 2020 and adds top executives Kenneth de Spiegeleire, Barzel Segal and Christopher North. With a total sum of over USD 70 million in investment raised this year, Forto concludes a very successful 2020 and underlines its growth ambition to become one of the leading providers of digital freight forwarding and supply chain solutions Forto’s senior leadership team adds Kenneth de Spiegeleire (ex-Dropbox, Cisco and Vodafone) as new Revenue leader and also snagged Barzel Segal (Workday, Mindjet) as SVP of Engineering and Christopher North (Amazon, Shutterfly) as Strategic Advisor and Board Observer With these additions to its management team, Forto has signalled its intent to lead the charge in creating a faster, easier and more sustainable global trade Read now
17/11/2020 Forto, the leading European digital freight forwarder, raises over $50 million to expand internationally and accelerate the development of its supply chain management solutions The Berlin-based start-up has now raised over $120 million since inception and has become a Top 20 Freight Forwarder from Asia to Europe in just 4 years Inven Capital and Iris Capital, two leading growth venture firms, have led this round with strong participation from existing investors Forto will use the funds to expand its European and Asian footprint and continue shaping a new category of cloud logistics Read now
26/06/2020 European Investment Bank provides funding of €20 million to Forto for supply chain management platform Funds to German start-up Forto (formerly FreightHub) will support software development and market expansion Financing by EU bank is provided under Investment Plan for Europe Read now
27/04/2020 FreightHub becomes Forto <ul Since its foundation in 2016, FreightHub has experienced extensive technological and strategic growth, and has continuously expanded its product and service portfolio. The new Forto brand reflects this development. Read now
22/04/2020 COVID-19: FreightHub hilft, chinesische Schutzausrüstung in großen Stückzahlen nach Deutschland zu bringen FreightHub importiert 20 Millionen zusätzliche Schutzartikel nach Deutschland. Das entspricht ca. 50 Prozent des wöchentlichen Bedarfs im Gesundheitssystem der gesamten Bundesrepublik. Read now
19/12/2019 FreightHub integriert Maersk Spot FreightHub integriert sein Buchungsportal mit „Maersk Spot“ von A.P. Moeller – Maersk. Verlader erhalten dynamische Angebote und buchen garantierte Containerkapazität online zum Festpreis. Read now
02/05/2019 Erfolgreiche Serie B-Finanzierung FreightHub, Europas erste digitale Spedition, hat seine Serie B-Finanzierung in Höhe von 30 Millionen US-Dollar abgeschlossen und holt Maersk Growth an Bord. Read now
02/05/2019 FreightHub erweitert Management-Team mit hochkarätigen Neuzugängen Dr. Martin Fritsch verstärkt als CFO die Geschäftsführung. Johannes Saade wird neuer Head of Sea Freight. Read now
12/12/2017 FreightHub raises $20 million Series A to strengthen European leadership position in Logistics Tech (Englisch) FreightHub, Europe’s first fully digital freight forwarder, has raised a 20 million USD Series A round just 1.5 years after its market launch. Read now

14 March 2022

FIBRE 2 FASHION

Germany’s Forto raises $250 million to accelerate product offering

Read more

08 March 2022

TECH EU

Berlin’s Forto notches $250 million taking its valuation to $2.1 billion

Read more

07 March 2022

FINANCIAL POST

Logistics tech Forto valued at $2.1 billion after latest funding round

Read more

07 March 2022

REUTERS

Logistics tech Forto valued at $2.1 billion after latest funding round

Read more

07 March 2022

SILICON CANAL

Berlin-based Forto bags €230M; eyes global expansion to make the logistics industry sustainable

Read more

14 January 2022

LOGISTICS VOICES

Forto appoints Jochen Freese Executive Vice President of Procurement and Business Development

Read more

13 January 2022

LOADSTAR

Jochen Freese joins Forto as EVP of procurement and business development

Read more

19 November 2021

LOADSTAR

Sustainable logistics still top of the green agenda for shippers, says research

Read more

11 November 2021

LOGISTICS BUSINESS

Forto opens Netherlands office

Read more

21 June 2021

SILICON CANALS

Germany’s new unicorn: Freight tech startup Forto raises $240M in a round led by Softbank

Read more

21 June 2021

LOADSTAR

Softbank’s financial gamble on tech firms like Forto staying ahead of the game

Read more

21 June 2021

LOADSTAR

Forto receives $240 million, now shipping at $1.2 billion

Read more

25 May 2021

CARGO CONNECT

Forto appoints new CFO & Executive VP-Product

Read more

08 April 2021

CARGO CONNECT

Forwarder Forto goes green and offers to compensate customers’ CO2

Read more

18 November 2020

LOADSTAR

‘Digital’ forwarder Forto raises another $50m

Read more

Press releases
Forto in the News

29/09/2022 Forto Expands into Italian Market with Office in Milan Digital logistics leader expands global presence into Italian market Cristian Casella, former Milan Branch Manager at Mondiale VGL, to lead commercial activity Read now
10/08/2022 Forto and Hapag-Lloyd Partner to Deliver Biofuel Alternative for Customers Through a new partnership with Hapag-Lloyd, a leading global liner shipping company, Forto has launched a biofuel program for ocean shipping customers who seek to reduce their transport emissions. Customers booking full container load (FCL) sea freight shipments with Forto can now add the use of advanced biofuel to their bookings, effectively reducing 100% of their transport’s greenhouse gas emissions. As Hapag-Lloyd has extended their biofuel strategy to work with selected key partners, Forto has delivered the first customer in Hapag-Lloyd’s biofuel program. Read now
15/06/2022 Forto Opens Poland Office with Pawel Skwarlo as Country Lead Forto, a leading provider of digitized freight forwarding and supply chain solutions, today announced further expansion into the Eastern-European markets with a new office based in Warsaw, Poland. Read now
18/05/2022 Forto Appoints Thomas Eisenblätter Vice President Global Sea Freight Management, FCL Forto, a leading provider of digitized freight forwarding and supply chain solutions, today announced the appointment of Thomas Eisenblätter as Vice President of Global Sea Freight Management, FCL. In his new role, Eisenblätter will oversee the procurement and business development of the Forto offerings for international Sea Freight. Read now
17/03/2022 Forto Further Strengthens Leadership Team with Appointment of Anne-Marie Andric as Chief People Officer Forto, a leading provider of digitized freight forwarding and supply chain solutions, today announced the appointment of Anne-Marie Andric to the company’s executive leadership team as Chief People Officer. Read now
07/03/2022 Forto Announces New Investment of $250 Million to Accelerate International Expansion and Broadening of Product Offering New Series D Funding Raises Company Valuation to $2.1 Billion Read now
13/01/2022 Forto Appoints Jochen Freese Executive Vice President of Procurement and Business Development Former Chief Commercial and Marketing Officer for Ceva Logistics brings more than 15 years of expertise working with global enterprise customers. New department structure under Freese focuses on business development, strategic partnerships, and global procurement. Freese’s appointment further strengthens the company’s efforts to expand its global forwarding infrastructure. Read now
17/12/2021 From Europe to the World: Forto Announces Vietnam Office, Further Strengthening Its Presence in Asia Opening a new office in Ho Chi Minh City expands its geographical footprint in Asia. The company currently has offices in Shanghai, Shenzhen, Singapore, Tianjin, Ningbo and Hong Kong. Wolfgang Richt joins as new country director, bringing more than 40 years of logistics expertise working with companies such as DHL Global Forwarding, Pan Asia Logistics, and Royal Cargo, Inc. Eric Reuter, Vice President Forto Asia: „Vietnam is a huge milestone for Forto’s expansion in the Asia region. We are ready to take the next step, delivering transport solutions in a more innovative and sustainable way“. Read now
18/11/2021 Forto Marks Sustainability Milestones: 50% of Sea Freight Volume, and 65% of Customers Shipped with Forto Using CO2e Emission Offsetting in Q3 2021 – Faster-than-forecasted Uptake Signals New Momentum In Movement Towards Climate Neutral Logistics Forto climate neutrality programs gain rapid customer adoption hitting 50% climate neutrality target almost two years ahead of forecast. Shipping customers demonstrate increased interest in sustainable offers that align with their own sustainability goals. „We see these metrics as positive indicators of a significant market shift. Sustainability topics are moving to the forefront of customer agendas more than ever before,“ explained Michael Wax, CEO and co-founder of Forto. Read now
08/11/2021 Digital Freight Logistics Provider Forto Opens Netherlands Office with Industry Expert Marcel Beentjes as Country Director Forto opens Netherlands operations Marcel Beentjes, formerly European Commercial Leader at Uber Freight to lead commercial activity in the region Read now
21/09/2021 International Digital Logistics Leader Forto kicks off Iberian Expansion with its First Office In Spain and Appointment of Angel Hierro as Director Iberia Forto sets course for its European expansion with its first office in Madrid, Spain. Logistics industry veteran Angel Hierro brings 25+ years of international logistics expertise with companies such as Agility and to join as Director Iberia and Country Manager. The new player strengthens its position to drive market leadership in digitally driven, sustainable logistics. Read now
02/07/2021 Digital Logistics Leader Forto Accelerates European Expansion with New Offices In Denmark Forto sets course for its European expansion with new offices in Copenhagen and Aarhus in Denmark. „Opening new European locations enables us to better manage our trade lanes and strategically open new markets. Copenhagen offers the synergies of a dynamic and innovative digitally-oriented market with a world-class transportation infrastructure.“ says Michael Wax, CEO Forto Read now
21/06/2021 Forto Raises $240 Million in Funding Led by SoftBank Vision Fund 2 at $1.2 Billion Valuation Forto, the leading provider of digitized freight forwarding and supply chain solutions, today announced that it has successfully raised $240M in an investment round. The round was led by SoftBank Vision Fund 2 , with participation from Citi Ventures and G Squared, and strong backing from existing investors including Northzone, Inven Capital, Cherry Ventures, and Unbound. With this round, Forto’s valuation now stands at $1.2 Billion. „With this investment we are able to further accelerate our growth path and roadmap,” adds Michael Wax, CEO and Co-Founder of Forto. “In our effort to further digitize global trade, we plan to significantly expand our geographical footprint, technology platform, and customer operations, to cement our market leadership in Europe and beyond.” Read now
21/05/2021 New Leadership Appointments strengthen Forto`s position to drive Market Leadership in Digital Logistics: Former J.P. Morgan MD Guillaume Petit-Perrin Joins as Chief Financial Officer. Lyft VP of Product and GM Kamil B. Rodoper Named Executive VP of Product. Guillaume Petit-Perrin strengthens Forto finance and operations as Chief Financial Officer (CFO). Kamil B. Rodoper to join Forto as Executive Vice President of Product starting June 2021. The company adds international experience, financial pedigree and product leadership to complete its executive team and to position for its next phase of growth. „Our strategy continues to focus on bringing together our operational excellence in freight forwarding and our SaaS platform investments. Our expanded leadership team has the right combination of business, industry and technical expertise to help us realize this vision,“ says Michael Wax, CEO at Forto. Read now
08/04/2021 #Fortomorrow – Forto sets a new industry benchmark by offering all transports climate neutral until 2025. The company has set its goal to make its transports 100% climate-neutral by 2025. Sustainability is an integral part of the corporate vision of the progressive logistics start-up Forto, driven by multiple initiatives for its employees and customers.Initiativen für Mitarbeiter und Kunden untermauert. “The logistics industry presents great potential when it comes to contributing to a more sustainable future.We see it as our responsibility to move first and use this leverage to help our industry to transform”, says Michael Wax, CEO of Forto. Read now
01/12/2020 Forto continues to build on a strong 2020 and adds top executives Kenneth de Spiegeleire, Barzel Segal and Christopher North. With a total sum of over USD 70 million in investment raised this year, Forto concludes a very successful 2020 and underlines its growth ambition to become one of the leading providers of digital freight forwarding and supply chain solutions Forto’s senior leadership team adds Kenneth de Spiegeleire (ex-Dropbox, Cisco and Vodafone) as new Revenue leader and also snagged Barzel Segal (Workday, Mindjet) as SVP of Engineering and Christopher North (Amazon, Shutterfly) as Strategic Advisor and Board Observer With these additions to its management team, Forto has signalled its intent to lead the charge in creating a faster, easier and more sustainable global trade Read now
17/11/2020 Forto, the leading European digital freight forwarder, raises over $50 million to expand internationally and accelerate the development of its supply chain management solutions The Berlin-based start-up has now raised over $120 million since inception and has become a Top 20 Freight Forwarder from Asia to Europe in just 4 years Inven Capital and Iris Capital, two leading growth venture firms, have led this round with strong participation from existing investors Forto will use the funds to expand its European and Asian footprint and continue shaping a new category of cloud logistics Read now
26/06/2020 European Investment Bank provides funding of €20 million to Forto for supply chain management platform Funds to German start-up Forto (formerly FreightHub) will support software development and market expansion Financing by EU bank is provided under Investment Plan for Europe Read now
27/04/2020 FreightHub becomes Forto <ul Since its foundation in 2016, FreightHub has experienced extensive technological and strategic growth, and has continuously expanded its product and service portfolio. The new Forto brand reflects this development. Read now
22/04/2020 COVID-19: FreightHub hilft, chinesische Schutzausrüstung in großen Stückzahlen nach Deutschland zu bringen FreightHub importiert 20 Millionen zusätzliche Schutzartikel nach Deutschland. Das entspricht ca. 50 Prozent des wöchentlichen Bedarfs im Gesundheitssystem der gesamten Bundesrepublik. Read now
19/12/2019 FreightHub integriert Maersk Spot FreightHub integriert sein Buchungsportal mit „Maersk Spot“ von A.P. Moeller – Maersk. Verlader erhalten dynamische Angebote und buchen garantierte Containerkapazität online zum Festpreis. Read now
02/05/2019 Erfolgreiche Serie B-Finanzierung FreightHub, Europas erste digitale Spedition, hat seine Serie B-Finanzierung in Höhe von 30 Millionen US-Dollar abgeschlossen und holt Maersk Growth an Bord. Read now
02/05/2019 FreightHub erweitert Management-Team mit hochkarätigen Neuzugängen Dr. Martin Fritsch verstärkt als CFO die Geschäftsführung. Johannes Saade wird neuer Head of Sea Freight. Read now
12/12/2017 FreightHub raises $20 million Series A to strengthen European leadership position in Logistics Tech (Englisch) FreightHub, Europe’s first fully digital freight forwarder, has raised a 20 million USD Series A round just 1.5 years after its market launch. Read now

14 March 2022

FIBRE 2 FASHION

Germany’s Forto raises $250 million to accelerate product offering

Read more

08 March 2022

TECH EU

Berlin’s Forto notches $250 million taking its valuation to $2.1 billion

Read more

07 March 2022

FINANCIAL POST

Logistics tech Forto valued at $2.1 billion after latest funding round

Read more

07 March 2022

REUTERS

Logistics tech Forto valued at $2.1 billion after latest funding round

Read more

07 March 2022

SILICON CANAL

Berlin-based Forto bags €230M; eyes global expansion to make the logistics industry sustainable

Read more

14 January 2022

LOGISTICS VOICES

Forto appoints Jochen Freese Executive Vice President of Procurement and Business Development

Read more

13 January 2022

LOADSTAR

Jochen Freese joins Forto as EVP of procurement and business development

Read more

19 November 2021

LOADSTAR

Sustainable logistics still top of the green agenda for shippers, says research

Read more

11 November 2021

LOGISTICS BUSINESS

Forto opens Netherlands office

Read more

21 June 2021

SILICON CANALS

Germany’s new unicorn: Freight tech startup Forto raises $240M in a round led by Softbank

Read more

21 June 2021

LOADSTAR

Softbank’s financial gamble on tech firms like Forto staying ahead of the game

Read more

21 June 2021

LOADSTAR

Forto receives $240 million, now shipping at $1.2 billion

Read more

25 May 2021

CARGO CONNECT

Forto appoints new CFO & Executive VP-Product

Read more

08 April 2021

CARGO CONNECT

Forwarder Forto goes green and offers to compensate customers’ CO2

Read more

18 November 2020

LOADSTAR

‘Digital’ forwarder Forto raises another $50m

Read more

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14 March 2022

FIBRE 2 FASHION

08 March 2022

TECH EU

07 March 2022

FINANCIAL POST

07 March 2022

REUTERS

07 March 2022

SILICON CANAL

14 January 2022

LOGISTICS VOICES

13 January 2022

LOADSTAR

19 November 2021

LOADSTAR

11 November 2021

LOGISTICS BUSINESS

21 June 2021

SILICON CANALS

21 June 2021

LOADSTAR

21 June 2021

LOADSTAR

25 May 2021

CARGO CONNECT

08 April 2021

CARGO CONNECT

18 November 2020

LOADSTAR

14 March 2022

FIBRE 2 FASHION

08 March 2022

TECH EU

07 March 2022

FINANCIAL POST

07 March 2022

REUTERS

07 March 2022

SILICON CANAL

14 January 2022

LOGISTICS VOICES

13 January 2022

LOADSTAR

19 November 2021

LOADSTAR

11 November 2021

LOGISTICS BUSINESS

21 June 2021

SILICON CANALS

21 June 2021

LOADSTAR

21 June 2021

LOADSTAR

25 May 2021

CARGO CONNECT

08 April 2021

CARGO CONNECT

18 November 2020

LOADSTAR

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