News / Softbank's financial gamble on tech firms like Forto staying ahead of the game

© Wutthichai Luemuang

Digital German forwarder Forto has raised $240m in funding, led by SoftBank’s Vision Fund, giving it a valuation of $1.2bn.

Forto,  founded in 2016 as FreightHub, said it would expand geographically and invest further in its technology platform.

Increasing numbers of digital start-up forwarders are receiving significant funding – last month, Forto rival Zencargo raised $42m in series B financing, which will see it more than double its global team.

The funding also reveals SoftBank’s comeback. The bank, which also led a $1bn ...