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SoftBank Vision Fund 2 led a $240m investment round in Forto.

Synopsis

SoftBank Vision Fund 2 led a $240m investment round in Forto, a provider of digitized freight forwarding and supply chain solutions, with participation from Citi Ventures, G Squared, Northzone, Cherry Ventures, Unbound, INVEN Capital and Fuse Venture Partners. "With this investment we are able to further accelerate our growth path and roadmap. 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," Michael Wax, Forto CEO and Co-Founder.

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