Forto

History

2020: Attraction of $50 million investments

In the middle of November, 2020 the developer of the platform for cargo transportation of Forto attracted $50 million investments. Since launch in 2016 the company attracted $103 million.

The investment round headed the Czech fund Inven Capital. Additional investments arrived from Iris Capital with active participation of the current investors, including Rider Global, Northzone, Cherry Ventures, Unbound (Shravin Mittal) and the Italian venture fund H14.

The Forto platform provides to clients access to logistic data in real time, guaranteeing at the same time timeliness of delivery. Service allows users to cut down administrative expenses in a supply chain on average for 30%. Forto also displays the rating of possible transport options on extent of their carbon emissions.

Rider Global with the Russian founders invested in the developer of the platform for Forto cargo transportation

The raised funds of Forto are intended to be spent for acceleration of development of the solutions on supply chain management due to adding of additional services, in particular order management services. The company intends to expand the presence in Europe and Asia, Forto already opened office in Singapore and is going to open five more in the Asian region.

Solutions of Forto on supply chain management as of November, 2020 are used by more than 2500 clients, including industrial producer Viessmann, giant of consumer goods Miele and a brand of e-commerce Home24. Slightly less than in four years of the existence the Forto company was included into the list of 20 best forwarding agents from Asia to Europe.

The CEO of Inven Capital Pyotr Mikovets noted that his command firmly believes in vision of Forto company which aims at simplifying process of international transport to the level of simplicity of sending the e-mail.^[1]

Notes