Sennder operates a digital freight-trucking and visibility platform that monitors fleets and provides end-to-end delivery tracking. The company has expanded its pan-European network, strengthening density across Central and Northern Europe and debuting in Romania as an all-digital freight carrier. Growth has been M&A-led, including the 2020 all-stock acquisition of Uber's European freight business and a merger with French rival Everroad; it also struck a freight-forwarding pact with Poste Italiane worth around €100 million. At the time of its Romania launch Sennder reported clients monitoring some 40,000 trucks through its platform and planned to increase Romanian headcount from 11 to 40 by year-end. Financially, Sennder is priming a new fundraise at an approximately €2 billion valuation, and unnamed sources say about €60 million has already been clinched from existing investors. Existing backers named in the articles include Accel, Lakestare, HV Capital, Project A and Scania. Sennder operates a digital platform connecting carriers and shippers to manage FTL truck shipments across Europe. The company reports a network covering 12,500 trucks, works with 10 German DAX 30 and 11 Euro Stoxx 50 shippers, and expects to move more than 1 million truckloads in 2021. Sennder has expanded organically and via acquisitions, including Cars&Cargo (May), and earlier purchases of Uber Freight Europe and Everoad; it also runs a JV with Poste Italiane and operates eight European hubs. The company plans further acquisitions and strategic partnerships to broaden its European footprint and to expand its digital offering, including SaaS. Financially, sennder has raised roughly $350 million to date and the latest financing values the company at over $1 billion. CEO and co-founder David Nothacker said the funds give flexibility to capitalize on acquisition and partnership opportunities, while investors have highlighted the technology’s potential to reduce inefficiencies and CO2 emissions. Sennder operates a digital road-freight platform that directly connects enterprise shippers with trucking companies, aiming to increase transparency, flexibility and efficiency in cargo distribution. The company says it will move over 1 million truckloads this year and serves more than 10 DAX 30 organizations and 11 Euro Stoxx 50 companies. Sennder has grown organically and by acquisition, merging with French competitor Everoad in June 2020 and acquiring Uber Freight’s European business last September. It partners with organizations including Poste Italiane, Scania and Siemens and employs about 800 people across seven international offices. The firm has focused on the European market and plans to use new funding to expand further across Europe. The broader European logistics and freight sector is cited in the article as a $427 billion market. Sennder operates a digital platform focused on the full truck load (FTL) segment, offering cloud-based communications, logistical mapping and record keeping to replace legacy paper- and fax-driven processes. The product includes GPS tracking and tools to streamline arrival estimates and invoicing between truckers and shippers. It targets owners of small and mid-size trucking companies and emphasizes direct relationships with truck owners. Sennder says its focus on product and industry pain points has helped it win enterprise clients. The company is led by co-founder David Nothacker alongside co-founders Nicolaus Schefenacker and Julius Koehler. Financially, Sennder has recently raised significant capital, including a Series C and an earlier Series B this year. sennder provides a proprietary software platform that digitalizes freight-forwarding processes to increase efficiency and reduce cost. The platform offers immediate visibility of pricing, live tracking, customised reporting and automated alerts through API integration with transport providers and buyers' systems. Its product suite includes mobile apps for drivers, fleet management tools for carrier managers and logistics management solutions for shippers. Through a virtual fleet of vehicles ranging from small vans to 40-tonne trucks across Europe, sennder offers parcel and full truckload services. The company received a seven-digit euro investment from Scania Growth Capital to continue expanding operations. The article does not disclose revenue or other operating metrics.

Total raised

$374M

Funding rounds

5

Latest round

Equity

Latest activity

Dec 2022