German digital freight forwarder Sennder raises $160M
Berlin startup acquired Uber Freight’s European business in September
Sennder founders (Photo credit: Sennder)
German freight technology startup Sennder has raised $160 million in Series D financing, surpassing a $1 billion valuation as it seeks to expand services and acquisitions across the European freight markets.
The company did not divulge the name of the lead investor, but round participants included Accel, Lakestar, HV Capital, Project A and Scania.
Founded in 2015, Sennder has grown its headcount to 800 employees who work across seven European offices.
That acquisition spree will continue this year, co-founder Julius Köhler told FreightWaves. “Step by step, we will acquire more asset-light freight forwarders that we will then integrate into the system landscape.”