German freight tech startup Forto raises $240m led by SoftBank

German freight tech startup Forto raises $240m led by SoftBank

FILE PHOTO: Japan's SoftBank Group Corp Chief Executive Masayoshi Son bows his head after his presentation at a news conference in Tokyo, Japan, Nov. 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo

Forto has raised $240 million from investors led by SoftBank, the freight technology startup said on Monday, and will invest in expanding its platform for organising trade shipments between China and Europe.

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