| Founded | 2016 |
|---|---|
| Closed | 2024 |
| Country | Germany |
| Sector | Logistics |
| Collapse type | Mass Layoff Spiral |
| Founder | Erik Muttersbach, Michael Wax |
Forto
"SoftBank's digital freight unicorn became a restructuring case when ocean rates crashed."
Cascading layoffs that accelerated the decline
Key Events Timeline
Forto (formerly FreightHub), a Berlin-based digital freight forwarder that raised $340M including a $240M Series D in 2022 at a reportedly $1B+ valuation led by Softbank Vision Fund 2, underwent a major restructuring in 2024 with mass layoffs of over 30% of its 700-person workforce.
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