Erik Muttersbach is a co-founder of Forto. The company was founded in Berlin in 2016 under the name FreightHub, with Michael Wax, Ferry Heilemann and Fabian Heilemann.
The first product sold spot-priced full container loads to small and mid-sized businesses. Northzone led a $20 million Series A in 2017. A $30 million Series B followed in 2019, and by then the name was Forto.
In June 2021 SoftBank Vision Fund 2 led a $240 million Series C at a valuation of $1.2 billion. In March 2022 Disruptive led $250 million at $2.1 billion.
Forto sells digital freight forwarding. It added customs, integrations and multimodal transport to give customers one digital interface for shipping.