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sennder: Raises Additional in $80M Series D Funding | Fintech InShorts: Latest fintech news, analysis by experts

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sennder: Raises Additional in $80M Series D Funding

By Steve Sam

May 31, 2021

sennder Raises Additional in $80M Series D Funding

sennder, a Berlin, Germany-based digital road freight forwarder, raised $ 80m, through the second closing of its Series D funding round
The funding follows the first close in January 2021 and brings the total amount of the round to $240m
New backer Baillie Gifford invested in sennder, which has has raised more than $350m; valued in excess of $1 billion
The company intends to use the funds to accelerate growth across Europe strengthening its position in core markets
The company is a digital freight forwarder, offering shippers access to a connected fleet of thousands of trucks
The platform comprises 12,500 trucks servicing ten German DAX 30 and eleven Euro Stoxx 50 shippers – moving more than 1 million truckloads in 2021