sennder, a Berlin, Germany-based digital road freight forwarder, raised $ 80m, through the second closing of its Series D funding round.
The funding follows the first close in January 2021 and brings the total amount of the round to $240m. New backer Baillie Gifford invested in sennder, which has has raised more than $350m; valued in excess of $1 billion.
The company intends to use the funds to accelerate growth across Europe strengthening its position in core markets and further expanding into new regions, via strategic growth opportunities, both organically and via acquisitions, and drive research and development into the automation, digitalization and decarbonization of road freight.
Founded in 2015 by David Nothacker, Julius Köhler and Nicolaus Schefenacker, sennder is a digital freight forwarder, offering shippers access to a connected fleet of thousands of trucks. The platform comprises 12,500 trucks servicing ten German DAX 30 and eleven Euro Stoxx 50 shippers – moving more than 1 million truckloads in 2021. sennder employs more than 840 employees across its eight international offices.
Since 2015, sennder has grown exponentially. In 2020, they consolidated the market by acquiring digital freight forwarders Uber Freight Europe and Everoad. The company also entered into a joint venture with the Italian postal service, Poste Italiane, making sennder Italia the largest domestic FTL (full truck load) freight forwarder. The business is now targeting additional acquisitions of local road freight companies to enhance truck supply and increase network density on its sennOS platform. The announcement follows recent acquisition of Dutch logistics player, Cars&Cargo, and strategic partnership with Zeitfracht.