Fundraising Fox

Forto

Unicorn · $2.1B

10 known investors

FortoLabs is Forto's AI-native SaaS platform offering agentic AI tools for the logistics industry, with solutions tested in high-volume logistics operations. Its first product, LumoDoc, is an intelligent document processing tool that categorizes logistics documents, extracts data, and syncs it into TMS, ERP, or WMS systems.

Also known as Forto Labs · FortoLabs · FreightHub

Founders & leadership

TC
Tamer CagatayDirector, Head of FortoLabs

Investors · 10

Also in the syndicate · 1

SoftBank Vision Fund 2

Funding

SEC filings, press & company announcements

$240M disclosed across 1 of 5 rounds · 2021–2022

Source: company announcements and press reports — follow each round's link for the claim.

Valuation · disclosed

Disclosed events
$2.1Bvaluation at Series DJan 2022
filing ↗
$1.2Bvaluation at Investment round (led by SoftBank Vision Fund 2)Jun 2021
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Forto is a provider of digitized freight forwarding and supply chain solutions, offering B2B sea, air and rail freight transport together with additional services, logistics management and sustainability options such as climate visibility, biofuel-based transportation and ocean plastic prevention. Customers book and manage shipments through Forto's proprietary transport management platform, which provides shipment visibility from booking to delivery, proactive notifications, centralized documentation, consolidated reporting and real-time data updates. The company was originally founded under the name FreightHub in 2016.

FortoLabs is Forto's AI-native SaaS platform, launched to bring agentic AI technologies developed and tested inside Forto's own operations to the wider logistics market. Its first product, LumoDoc, is an intelligent document processing (IDP) solution that analyzes inbound emails or API traffic, detects and categorizes logistics documents, extracts the relevant data and syncs it in structured form into downstream operational systems. LumoDoc supports common logistics document types including bills of lading, packing lists, customs documents and invoices, and the company states efficiency gains of up to 90% depending on the use case. FortoLabs states that its products are engineered in Germany and run exclusively on servers within the EU, and that further solutions beyond document processing are in development, all trained on logistics-specific data sets.

Within its own operations, Forto is developing "Flash by Forto", described as an AI-powered transport management agent covering booking request handling, vessel selection and document handling. The booking agent scans incoming emails, identifies booking requests and extracts details for automated entry into Forto's systems; the vessel selection agent analyzes structured and unstructured data to recommend vessels; and the document handling agent extracts key information from shipping documents and updates shipment records.

Founding story

Forto was founded in 2016 under the name FreightHub. Co-founder and CEO Michael Wax previously co-founded the sensor and analytics company Konux at age 23 before starting Forto to apply technology to global logistics; early strategy focused on a niche segment of Amazon FBA importers to validate the model before broader expansion.

Business model

Forto operates as a digital freight forwarder, moving customer cargo by sea, air and rail and providing related logistics management and sustainability services through its own platform. With FortoLabs, the company additionally productizes internally developed AI capabilities and sells them as standalone Software-as-a-Service offerings to third parties across the supply chain.

Freight forwarding and supply chain services for B2B shippers, complemented by SaaS products sold through FortoLabs, whose first offering LumoDoc is marketed as a subscription-style software solution rather than an in-house build; the site provides an ROI calculator comparing the cost of manual document processing.

Traction

Forto reports approximately 2,500 customers, coverage of more than 100 countries and 33,000 shipments operated over its platform in 2023. More than half of its customers use its carbon-offsetting offer. Its AI organization combines over 150 technology staff with more than 200 logistics professionals. FortoLabs states LumoDoc delivers up to 90% efficiency gains depending on the use case and was proven in Forto's high-volume internal operations before external release.

Latest developments

On June 1, 2026, Forto announced the launch of FortoLabs, a platform offering agentic AI supply chain technologies as SaaS, with LumoDoc as the first product available to transport management software providers, customs agencies and brokers, freight forwarders, carriers and shippers. Additional SaaS solutions are stated to be in development. Forto is also building "Flash by Forto", an AI-powered transport management agent for booking, vessel selection and document handling within its own operations.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Forto describes itself as a leading provider of digitized freight forwarding and supply chain solutions and as an early fully digital freight forwarder; press coverage of its 2022 Series D reported a $2.1 billion valuation and more than $600 million raised. FortoLabs is positioned as a logistics-specific alternative to generic intelligent document processing tools and to in-house builds.

FortoLabs combines logistics domain expertise with AI development, offering models trained on logistics-specific data sets that are intended to perform without complex setup or customization, support for all common logistics document types, a confidence interval choice function, German engineering and EU-only hosting, and validation in Forto's own high-volume operations before commercial release.

Technology

Agentic and generative AI applied to logistics workflows, integrated with existing operational IT systems. Capabilities include email and API ingestion, attachment detection, document categorization, data extraction into structured formats, and automatic syncing into downstream systems, plus a confidence interval choice feature. Forto states its AI is grounded in a proprietary, high-quality shipment dataset built as a digital freight forwarder, and that FortoLabs solutions are engineered in Germany and hosted exclusively on EU-based servers.

Go-to-market

Forto sells directly to shipping customers through its platform and customer teams. FortoLabs is marketed through a dedicated website with demo requests and contact forms, an ROI calculator, and educational content on intelligent document processing (guides, build-vs-buy and vendor-selection comparisons); the launch was announced via press release and cross-promoted from forto.com. Forto also publishes reports, podcasts and market updates.

B2B shippers and importers of all sizes using international sea, air and rail freight, including large European businesses such as Home24 and Edeka. FortoLabs targets the broader logistics ecosystem: transport management software providers, customs agencies and brokers, freight forwarders, carriers and shippers, and specifically logistics operations teams and operations managers.

Geography

Headquartered in Germany with 14 offices and a network covering more than 100 countries. Offices span Germany and Asia, including Shanghai, Ningbo, Shenzhen, Singapore, Hong Kong and Ho Chi Minh City, plus European locations opened in 2021 in Copenhagen and Aarhus (Denmark), Madrid (Spain) and Rotterdam (Netherlands); further expansion to Poland, Belgium, Sweden and southern Europe was planned for 2022. FortoLabs software runs exclusively on servers within the EU.

History

Founded in 2016 as FreightHub and later rebranded to Forto, the company scaled its digital freight forwarding platform and expanded across Europe and Asia. In June 2021 it raised $240 million led by SoftBank Vision Fund 2 at a $1.2 billion valuation, bringing total funding to $360 million, and eight months later announced a $250 million pre-emptive Series D led by Disruptive at a $2.1 billion valuation, taking total funding above $600 million. Leadership listed at the time of the 2021 round included Michael Wax (CEO and co-founder), Erik Muttersbach (CTO and co-founder) and Michael Ardelt (COO); Guillaume Petit-Perrin is identified as CEO in the FortoLabs launch announcement. In June 2026 the company launched FortoLabs to commercialize its internally developed AI tooling.

Risks & controversies

Forto's CEO noted in the 2022 Series D announcement that the period was exceptionally challenging for many of its customers amid uncertainty in the worldwide movement of goods; both the 2021 and 2022 funding announcements were stated to remain subject to statutory closing conditions at the time of publication.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Countries coveredJan 2026100
CustomersJan 20262,500 customers
Logistics professionalsJan 2026200 people
LumoDoc efficiency gainJun 202690%
OfficesJan 202614 offices
Shipments operated on platformJan 202333,000 shipments
Technology employeesJan 2026150 people
Total funding raised to dateJan 2022$600M
ValuationJan 2022$2.1B

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 5

launches, deals, and filings
Jun 2026
Forto launches FortoLabs, a SaaS platform for AI-powered logistics solutions

Forto launched FortoLabs, a platform offering agentic AI supply chain technologies as SaaS to the broader logistics market, with LumoDoc, an AI-powered agentic document processing solution, as its first product.

source ↗

Jan 2022
Forto raises $250 million Series D at $2.1 billion valuation

Pre-emptive Series D led by Disruptive with participation from SoftBank Vision Fund 2, G Squared, Northzone, Unbound and A.P. Moller Holding; total investment raised reported at over $600 million.

$250M source ↗

Jan 2022
Jochen Freese appointed Executive Vice President of Procurement and Business Development

Forto appointed Jochen Freese, formerly Chief Commercial and Marketing Officer for CEVA Logistics, as EVP of Procurement and Business Development.

source ↗

Jun 2021
Forto raises $240 million led by SoftBank Vision Fund 2 at $1.2 billion valuation

Round led by SoftBank Vision Fund 2 with participation from Citi Ventures, G Squared and existing investors Northzone, Inven Capital, Cherry Ventures and Unbound; total funding to date reported at $360 million.

$240M source ↗

Jan 2021
European and Asian office expansion

Forto opened offices in Copenhagen and Aarhus (Denmark), Madrid (Spain), Rotterdam (Netherlands) and Ho Chi Minh City (Vietnam), adding to existing locations in Germany and Asia.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed
  • Fortofortolabs.com · web

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Forto do?
Forto is a German digital freight forwarder whose FortoLabs platform sells agentic AI SaaS tools for logistics.
Who are Forto's investors?
Forto's investors include NAP, Cherry Ventures, Citi Ventures, Disruptive, G Squared, Inven Capital, Iris Capital, Northzone and 1 more.
How much funding has Forto raised?
Forto has disclosed $240M raised across 1 of its 5 known rounds.