Sennder, a European specialist in the digitization of road transport, has announced a new fundraising of $ 80 million. This new funding round, announced on Tuesday, June 1, 2021, follows on from the 160 million dollars raised last January by the German start-up and thus brings the total amount of the fundraising to 240 million dollars.
The start-up founded in 2015 ensures that it will achieve unicorn status with this fundraiser, since it is now valued at more than a billion dollars. Among its investors, a newcomer: Baillie Gifford, who has added Sennder to its European Growth Trust portfolio.
A platform of 12,500 trucks
Thanks to its platform, Sennder establishes a link between companies wishing to ship goods and those specializing in road transport. The Sennder platform currently includes 12,500 trucks and offers more routes to shippers and carriers as it grows.
This is, moreover, one of the objectives of this roundtable: to accelerate its European growth. The German unicorn aims to strengthen its position in the markets where it is already present and develop its offer in new regions. This could be done through the establishment of a partnership such as the one concluded with Poste Italiane, the Italian postal service, which has led to the establishment of a joint venture on the spot which has become the largest domestic FTL freight forwarder.
The start-up also merged with its French counterpart Everoad and bought Uber Freight’s European activity in September 2020. Sennder also took over Cars & Cargo, a Dutch logistics player, and signed a strategic partnership with Zeitfracht. It is now targeting further acquisitions of local road freight companies “in order to improve the supply of trucks and increase the density of the network on its sennOS platform“, says the company in its press release.
reduce CO2 emissions
According to the company, “the funds will also be used to finance research and development for the automation, digitization and decarbonization of road freight.” With its 840 employees in its eight international offices, Sennder now wishes to shine in the reduction of carbon emissions. It hopes to achieve more than a million loads in the year 2021.