FreightHub secured $30M in Series B Financing in a round led by Rider Global.

Forto (formerly FreightHub), a Berlin, Germany-based SAAS developer for freight business, raised $30m in Series B financing.

The round was led by Rider Global, with participation from Maersk Growth, Northzone, Unbound, Rocket Internet’s Global Founders Capital (GFC), and Cherry Ventures.

Money will be used for the development of the company's digital service offering and to expand its footprint in the Asian markets.

Forto, founded in 2016 as FreightHub by Ferry Heilemann CEO), Erik Muttersbach, Michael Wax and Fabian Heilemann, is a digital freight service and supply chain management provider, offering transport services for sea, air and rail freight, built on digitized processes. The company, which also has offices in Hamburg, Cologne and Hong Kong, has a partner network of more than 1000 shippers and more than 1,500 customers.