Digital road freight forwarder Sennder raises $160M Series, plans European expansion

Digital road freight forwarder Sennder raises $160M Series, plans European expansion

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https://techcrunch.com/2021/01/13/digital-road-freight-forwarder-sennder-raises-160m-series-plans-european-expansion/

Sennder, a large digital road freight forwarder based out of Germany, has raised $160m in Series D financing. The round was led by an unnamed party, but round participants included Accel, Lakestar, HV Capital, Project A and Scania. To date, Sennder has raised more than $260m, allowing it to lay claim to a potential $1bn valuation.

Sennder directly connects enterprise shippers with trucking companies, thus disintermediating the traditional freight model. It says it will move over 1 million truckloads this year. So far it’s concentrated on the lucrative European market. In June 2020 it merged with French competitor Everoad and acquired Uber Freight’s European business last September. The European logistics and freight sector has a market size of $427bn.