The freight management platform developer was valued at $1.2bn in a round led by SoftBank Vision Fund 2 and backed by Citi Ventures and Inven Capital.

Internet and telecommunication group SoftBank’s Vision Fund 2 led a $240m funding round for Forto, a Germany-based producer of freight forwarding and supply chain management software. Citi Ventures, the corporate venturing arm of financial services firm Citi, also took part in the round, as did Inven Capital, the venture capital fund backed by energy utility…

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