Forto raises $240M in funding round led by Softbank, taking its valuation to $1.2Bn
https://techcrunch.com/2021/06/23/forto-raises-240m-in-funding-round-led-by-softbank-taking-its-valuation-to-1-2bn/
Freight technology startup, Forto, which we most recently covered when it raised $50 million late last year, is upping the stakes.
It’s now raised $240 million in a round led by Softbank Vision Fund 2 to expand its trade shipments between China and Europe. Forto manages shipping containers from origin to destination. Softbank is also hedging its bets after investing in China’s Full Truck Alliance (YMM.N), which plans a $20 billion IPO.
Forto raises $240M in funding round led by Softbank, taking its valuation to $1.2Bn
Jun 23, 2021, 12:27pm UTC
https://techcrunch.com/2021/06/23/forto-raises-240m-in-funding-round-led-by-softbank-taking-its-valuation-to-1-2bn/
> Freight technology startup, Forto, which we most recently covered when it raised $50 million late last year, is upping the stakes.
> It’s now raised $240 million in a round led by Softbank Vision Fund 2 to expand its trade shipments between China and Europe. Forto manages shipping containers from origin to destination. Softbank is also hedging its bets after investing in China’s Full Truck Alliance (YMM.N), which plans a $20 billion IPO.