MoFo News Item

MoFo Advises SoftBank on Investment in Logistics Startup Forto

23 Jun 2021

Morrison & Foerster advised SoftBank Group Corp. in connection with the recently announced €200 million financing round in Berlin-based logistics company Forto GmbH. The round was led by SoftBank Vision Fund II.

Following the financing round, Forto’s valuation now exceeds €1 billion, giving it “unicorn” status. Founded in 2016, Forto is a leading provider of digitized freight forwarding and supply chain solutions. The B2B company has more than 500 employees with 11 locations across Europe and Asia.

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).

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