Sennder aims to continue growing with 228 million euros

The Berlin-based logistics company sennder has announced a total financing package of 228 million euros. Of this amount, 73 million euros comes from equity investments by existing shareholders, while an additional 155 million euros will be provided through various forms of debt and working capital financing. The equity financing is led by Scania and Poste Italiane. Financing partners include Coface, the European Investment Bank (EIB), cflox, and Deutsche Bank.

The announcement comes just a few weeks after an operational milestone. On October 21, sennder reported that, on an unadjusted monthly basis, it had achieved positive earnings before interest, taxes, depreciation, and amortization (EBITDA) under IFRS for the first time. The company also expects positive IFRS EBITDA for the full year 2026. Forecasted annual revenue is around one billion euros.

This could mark the beginning of a new phase of development for sennder after years of capital-intensive growth. However, it remains to be seen whether the company can secure its profitability in the long term while simultaneously driving forward its planned expansion.

Existing investors provide 73 million euros

The equity financing was provided entirely by existing shareholders. In addition to Scania, the Italian postal and logistics group Poste Italiane is among the leading investors in this round.

The additional capital was used, among other things, for the acquisition and integration of the European land transport business of the U.S. logistics group C.H. Robinson. The acquired operations have since been integrated into the company’s proprietary technology platform, sennOS.

Over the past ten years, we have built sennder through innovation and scaling. Now that we have achieved profitability, we have the financial flexibility to accelerate our next phase of growth.

David Nothacker, co-founder and CEO of sennder

With this acquisition, sennder has further expanded its position in the European road freight market. At the same time, the integration of an established transportation business places greater demands on operational management and technological infrastructure.

In the coming years, the company plans to further expand its transportation network and drive the digitization of logistics processes. AI agents are set to play a central role in this effort, supporting shippers, carriers, and other freight forwarders in handling their transportation transactions.

“Now that we’ve achieved profitability, we have the financial flexibility to accelerate our next phase of growth,” explains David Nothacker, co-founder and CEO of sennder.

155 Million Euros for Working Capital and Faster Payments

In addition to the equity investment, sennder has secured three financing lines totaling 155 million euros. The largest portion is a 100-million-euro non-recourse factoring line with Coface. The European Investment Bank is providing an additional 40 million euros in venture debt financing. In addition, there is a 15-million-euro supply chain finance program being implemented in collaboration with cflox and Deutsche Bank.

These instruments serve different purposes. In particular, they are intended to finance the working capital needs that arise in the freight forwarding business due to timing differences between payments to carriers and payments received from clients.

“Our non-recourse factoring line provides Sennder with reliable access to working capital, and we are pleased to support the company in its next phase of growth,”

Ansgar Kugelstadt, Managing Director of Coface Finanz

For sennder, this means that less equity capital is tied up in day-to-day operations. The funds thus freed up can instead be used for investments in technology, AI applications, and further expansion.

The affiliated transportation companies are also set to benefit. Through the financing program, which has been active since August 2026, the more than 40,000 carriers in sennder’s network can be paid sooner. For smaller transportation service providers in particular, faster settlement of outstanding invoices can simplify cash flow planning. According to the company, all financing lines are already active and in use.

Profitability Changes Financing Options

The new financing structure also illustrates how capital raising can change for a growing technology company. While startups in early stages of development often rely heavily on equity, a larger operational base and improved financial metrics open up additional opportunities for debt financing.

For sennder, the combination of equity, factoring, venture debt, and supplier financing offers the opportunity to fund further growth without having to rely exclusively on new funding rounds. At the same time, the stake held by existing shareholders is protected by the reduced issuance of new shares.

According to its own statements, the EIB is supporting sennder for the second time. EIB Vice President Nicola Beer highlights in particular the importance of data-driven technologies for more efficient and lower-emission European freight transport.

With this financing package, sennder now has additional funds for its further development. The key question now is whether the Berlin-based company will succeed in combining the integration of the acquired business units, the expansion of its technology platform, and sustainable profitability.