sennder Bags $160M For Trucking Digitalization
January 15, 2021
its founding in 2015 by David Nothacker, Julius Köhler and Nicolaus
Schefenacker, Berlin-based sennder has grown remarkably, increasing its
headcount to more than 800 employees across its seven international
offices. The business will move over 1 million truckloads this year,
making sennder Europe’s leading digital road freight forwarder.
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; by using data to
optimize route efficiency, sennder reduces the environmental impact of
road freight and decreases the cost of transportation.
The European logistics and freight sector has a market size of $427bn.
sennder plans to capitalize on this opportunity by investing $100m of
its Series D financing into growing and developing its innovative
technology. The investment will expand the 200-person technology team
and accelerate research and development into the automation,
digitalization, 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 €100m annual spending.
sennder is also enjoying successful working partnerships with Scania and
Supplying transport services to over 10 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 the distribution of 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.“
The funding follows a remarkable year for sennder. In 2020 the business
undertook two notable transactions: firstly, merging with French
competitor Everoad in June and secondly, acquiring Uber Freight’s
European business in September.
De Rycker, Partner at Accel says: “It is always fantastic to see a
portfolio company reach such a significant milestone. Well done to the
sennder team – by revolutionizing the freight industry at an
unprecedented pace, they have quickly become one of Europe’s most
exciting companies. 2020 highlighted the value that sennder’s innovative
digital offering brings to the freight industry. 2021 is well-positioned
to be another exciting year for the business. We look forward to helping
sennder continue accelerating its growth across Europe.”
Christoph Schuh, Investment Partner at Lakestar says: “Just 18 months
ago, we led sennder’s Series C fundraising. Ever since, sennder has
successfully demonstrated its ability to massively grow the business
organically and via M&A. We are delighted to see sennder now positioned
as a leading pan-European digital freight-forwarder. Especially in these
unprecedented times, sennder shows how important digitization is for the
logistics industry, paving the way for an efficient future. We strongly
believe in the leadership team and will further accompany sennder’s
J.P. Morgan Securities plc was the sole placement agent for sennder’s
latest Series D funding raise.