LOGISTICS DIGITIZATION sennder raises USD160M to accelerate digitization of European trucking and drive expansion
The Berlin-based company sennder is already one of Europe's leading digital freight forwarders. After only five years, it is now one of Europe's most valuable technology start-ups based on the latest valuation. The company's proprietary technology offering holds high potential for expansion in European trucking's intended digitalization.
Since its founding in 2015, Berlin-based sennder has grown remarkably, increasing its headcount to more than 800 employees across its seven international offices. This year, the business will move over 1 million truckloads. Through its proprietary technology, sennder directly connects enterprise shippers with trucking companies, bringing greater transparency and efficiency to both carriers and shippers. sennder is committed to making the logistics industry fit for a sustainable future; using data to optimize route efficiency, sennder reduces the environmental impact of road freight and decreases transportation costs.
Growth in the European logistics market
The European logistics and freight sector has a market size of USD427Bn. sennder plans to capitalize on this opportunity by investing USD100M of its Series D financing into growing and developing its technology. The investment will expand the 200-person technology team and accelerate research and development into the automation, digitization, optimization, and decarbonization of road freight. Additional funding will be channeled towards driving expansion into new European markets. sennder will focus on replicating the success it has had with Poste Italiane where, through the Italian joint venture, sennder has helped the business save 6 % of its EUR100M annual spendings. sennder is also enjoying successful working partnerships with Scania and Siemens. Supplying transport services to over ten organizations listed in the German DAX 30 and 11 companies comprising the Euro Stoxx 50, sennder is well-positioned to connect small and mid-sized trucking companies with established shippers – providing them with access to loads.
David Nothacker, CEO and Co-Founder of sennder, said: "I'm very proud to see sennder's mission and vision become a reality. We are now an established industry player on equal terms with other more traditional sector pioneers but have maintained our founding spirit. As a data-driven company, we contribute to making the logistics industry fit for a sustainable future, ensuring transparency, flexibility, and efficiency in distributing goods. The COVID-19 pandemic has demonstrated the importance of a digitalized logistics industry. Throughout 2020, we helped our carriers increase their profitability by enhancing operating margins by up to 80 % during a challenging time. sennder is uniquely positioned to drive industry digitalization, benefiting shippers and carriers alike. "
In 2020 sennder undertook two notable transactions: firstly, merging with French competitor Everoad in June and secondly, acquiring Uber Freight's European business in September.