Forto’s $240 Million Series C Financing Round

BMH BRÄUTIGAM advised Forto on the deal while Morrison & Foerster LLP represented SoftBank Group Corp. DLA Piper has advised Citi Ventures on the deal. Bryan Cave Leighton Paisner advised the investors Northzone, Cherry Ventures, H14, Unbound, Rider Global, La Famiglia, Cavalry Ventures.

The Berlin-based freight startup announced a $240 million financing round, making Forto the next German unicorn at a $1.2 billion valuation.

Forto, formerly FreightHub, was founded in Berlin in 2016 with the vision of creating a highly transparent and sustainable digital supply chain and has grown steadily and rapidly since then. The company is now the leading provider of digital freight forwarding and supply chain solutions, using its digital platform to simplify logistics process management and increase supply chain transparency. Michael Wax (CEO and co-founder), Erik Muttersbach (CTO and co-founder) and Dr. Michael Ardelt (COO) have recently expanded the management team with experienced employees in the areas of technology, sales and finance. In total, Forto currently employs more than 550 people at 11 locations in Europe and Asia and counts leading manufacturers and e-commerce brands such as Home24 and Edeka among its 2,500 customers.

In addition to Softbank (Vision Fund 2) as lead investor, Citi Ventures, G Squared and existing investors including Northzone, Cherry Ventures and Unbound participated in the round.

The latest investment, which has seen Forto raise $360 million in capital to date, will help the company further develop a highly transparent, sustainable and digital supply chain.

The Team at BMH BRÄUTIGAM included Dr. Patrick Auerbach (Picture – Lead), Edzard Rothen (Co-Lead), Daniel Schlichting, Maximilian Frink, Jonas Kiehne (all Venture Capital), Sebastian Krieg (Tax).

The MoFo deal team advising SoftBank was led by Dr. Dirk Besse, partner (Corporate/M&A), together with Kristina Ehle, partner (Technology Transactions); Dr. Angela Kerek, partner (Finance); Timothy J. Harris, partner (Emerging Companies + Venture Capital); Dr. Andreas Grünwald, partner (Antitrust); Hanno Timner, partner (Privacy + Data Security); Julian Gebauer, senior associate (Corporate/M&A); Antonia Schlag, associate (Corporate/M&A); Jannis T. Werner, senior associate (Technology Transactions); Christin Fieber, senior associate (Employment + Labor); Dr. Jan Frohloff, associate (Litigation); and Dr. Philip Radlanski, senior associate (Privacy + Data Security).

The DLA Piper team was led by partner Gerald Schumann and also comprised counsel Dr Christoph Dachner and senior associate Hanna Lütkens (all Corporate/M&A, Munich).

The Bryan Cave Leighton Paisner LLP included
Dr. Albrecht von Breitenbuch and Patrycja Dorniak.

Involved fees earner: Albrecht von Breitenbuch – Berwin Leighton Paisner; Patrick Auerbach – BMH Bräutigam; Maximilian Frink – BMH Bräutigam; Jonas Kiehne – BMH Bräutigam; Sebastian Krieg – BMH Bräutigam; Edzard Rothen – BMH Bräutigam; Daniel Schlichting – BMH Bräutigam; Patrycja Dorniak – Bryan Cave Leighton Paisner; Christoph Dachner – DLA Piper; Hanna Lütkens – DLA Piper; Gerald Schumann – DLA Piper; Dirk Besse – Morrison & Foerster; Kristina Ehle – Morrison & Foerster; Christin Fieber – Morrison & Foerster; Jan Frohloff – Morrison & Foerster; Julian Gebauer – Morrison & Foerster; Andreas Grünwald – Morrison & Foerster; Timothy Harris – Morrison & Foerster; Angela Kerek – Morrison & Foerster; Philip Radlanski – Morrison & Foerster; Hanno Timner – Morrison & Foerster; Jannis Werner – Morrison & Foerster;

Law Firms: Berwin Leighton Paisner; BMH Bräutigam; Bryan Cave Leighton Paisner; DLA Piper; Morrison & Foerster;

Clients: Cavalry Ventures; Cherry Ventures Management GmbH; Citi Ventures; Forto GmbH; H14 S.p.A.; La Famiglia VC ; Northzone; Rider Global Ltd; SoftBank Group Corporation; Unbound;

Author: Federica Tiefenthaler