160 million US dollar investment makes Sennder a Unicorn

Logistics start-up Sennder has closed its Series D funding round. This elevates it to the status of a unicorn.

Berlin-based startup Sennder receives $160 million in funding. New investors in the Series D funding include Accel, Lakestar, HV Capital, Project A and Scania. "All existing investors continue to support Sennder, reaffirming their confidence in the company's business model and direction," the company said in a statement.

With this, the logistics startup exceeds the billion-dollar valuation and can now call itself Unicorn. "I am very proud that Sennder's mission and vision has now become a reality," said CEO and co-founder David Nothacker. "We are now an established industry player and on par with traditional companies in the logistics sector."

Founded in 2015, Sennder offers an all-inclusive program for logistics companies. Among other things, software optimizes the routes of vehicles. Up to 10,000 trucks are on the road for Sennder, 800 employees work for the start-up. Ten of Germany's DAX30 companies use Sennder's service.

100 million US dollars are to be spent on further development of the technology and growth, while Sennder plans to spend the remaining 60 million US dollars on rapid expansion.


Like it? Please spread the word:

Newsletter

Startups, stories and stats from the German startup ecosystem straight to your inbox. Subscribe with 2 clicks. Noice.

LinkedIn Connect

Take care, give care

Did this news inform or entertain you? Then we would be happy if you tell your network about it.

Share on Linkedin Share on Facebook Share on Xing

Related companies

Project A
Investor 2012 Berlin
Project A
We finance early-stage technology start-ups and offer a wide range of services.
sennder
Startup 2015 Berlin
sennder
Freight forwarder offering shippers access to a connected and decentralized fleet.

FYI: English edition available

Hello my friend, have you been stranded on the German edition of Startbase? At least your browser tells us, that you do not speak German - so maybe you would like to switch to the English edition instead?

Go to English edition

FYI: Deutsche Edition verfügbar

Hallo mein Freund, du befindest dich auf der Englischen Edition der Startbase und laut deinem Browser sprichst du eigentlich auch Deutsch. Magst du die Sprache wechseln?

Deutsche Edition öffnen

Similar posts