Sennder

Sennder

Digital freight forwarding for Full Truck Loads

About Sennder

Simplify's Rating
Why Sennder is rated
A+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Data & Analytics

Automotive & Transportation

Company Size

1,001-5,000

Company Stage

Late Stage VC

Total Funding

$375M

Headquarters

Berlin, Germany

Founded

2015

Overview

Company Does Not Provide H1B Sponsorship

Sennder specializes in digital freight forwarding, focusing on Full Truck Loads (FTL) throughout Europe. The company uses its own technology to connect a large fleet of trucks, which allows shippers to have better visibility and flexibility in their logistics operations. Sennder caters to a wide range of clients, from large corporations to small and medium-sized enterprises (SMEs), providing them with efficient and reliable freight solutions. By utilizing its digital platform, Sennder connects shippers with carriers, generating revenue through fees for services like freight forwarding, fleet management, and digital payments. The company aims to optimize routes and loads, helping shippers save money and time while also increasing earnings for carriers and minimizing carbon emissions.

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Simplify's Take

What believers are saying

  • Increased demand for digital freight solutions boosts Sennder's growth potential.
  • The rise of e-commerce enhances demand for Sennder's flexible logistics solutions.
  • EU's sustainability push aligns with Sennder's mission to optimize routes and reduce emissions.

What critics are saying

  • Integration challenges with C.H. Robinson's business may disrupt operations if not managed well.
  • The joint venture with Scania may face regulatory and infrastructure challenges in Europe.
  • Rapid expansion could strain Sennder's financial resources, risking cash flow issues.

What makes Sennder unique

  • Sennder leverages proprietary technology to optimize routes and reduce carbon emissions.
  • The acquisition of C.H. Robinson's EU transport boosts Sennder's market position significantly.
  • Sennder's joint venture with Scania promotes large-scale electric truck adoption in Europe.

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Funding

Total Funding

$375M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

-5%

1 year growth

-5%

2 year growth

-7%
Trucking Dive
Jul 31st, 2024
CH Robinson to sell European Surface Transportation business

C.H. Robinson Worldwide is selling its European Surface Transportation business to Sennder Technologies GmbH of Germany, the company announced Tuesday.

Lebensmittel Zeitung
Jul 30th, 2024
Sennder Acquires C.H. Robinson's EU Transport

Sennder, a German digital freight forwarder, announced the acquisition of C.H. Robinson's European land transport business. This deal, which marks a significant growth milestone for Sennder, will make the company one of the largest specialists in truck logistics on the continent.

Silicon Canals
Jul 30th, 2024
German Freight Forwarding Unicorn Sennder To Acquire C.H. Robinson’S European Surface Transportation Operations

Berlin-based digital road freight forwarding unicorn sennder has announced the acquisition of global logistics provider C.H. Robinson’s European Surface Transportation (EST) operations.C.H. Robinson is one of the world’s largest logistics providers, managing $22B in freight and handling 20M shipments annually.However, the terms of the transaction were not disclosed.The press release states, “The closing of the transaction ​remains​ subject to ​only the completion of the corporate structuring of the EST business unit to be acquired, as well as mandatory employee consultations and applicable merger control proceedings ​, and is expected to close in Q4 2024.”The announcement comes four months after raising $80M (approx €65.35M) through the second closing of its Series D round of funding, achieving unicorn status.The acquisition​​ As a part of this transaction, EST will become part of sennder and will deliver significant growth potential.- A message from our partner -The combined business will create one of the largest Full Truck Load (FTL) providers in Europe.Through the transaction, over 6,500 shippers and over 15,000 carriers will join the sender network.C.H. Robinson and sennder will continue to work closely to offer unparalleled logistics offerings to its respective customers.​The new entity will have a combined revenue of €1.4B and a joint team of 1,700 employees, further expanding the European density of sennder.With the acquisition, sennder continues to enhance and broaden its service offering and furthers its mission to create an efficient and sustainable road freight network in Europe.The combined business will significantly improve network density and data capabilities.It will expand offerings for shippers and carriers by providing access to efficient network planning, competitive capacity, and a wider range of freight opportunities through sennder’s platform, sennOS.Furthermore, sennder’s proprietary technology sennOS, tailored specifically to the European road freight market, will be available to EST customers, giving them access to the most technologically advanced platform in Europe.SennOS will streamline the integration of the new unit by improving efficiency in load management.Shippers will be able to use sennOS to digitally manage their transports, allowing them to have complete control and visibility over their trucking operations.Carriers will benefit from higher utilisation, fewer empty kilometers, faster payments, and technology that reduces their administrative workload.All customers will benefit from a boost in load management efficiency, increased operational transparency, and superior service quality.sennder: Digital road freight forwarder in Europesennder, a digital road freight forwarder in Europe, is offering shippers access to a connected fleet of thousands of trucks.The German company deploys over 40,000 trucks across Europe, with access to more than 120,000 vehicles, and has a team of over 1,000 people.sennder is backed by some of Europe’s leading investors, including Baillie Gifford, Accel, HV Capital, and Lakestar, along with industry experts Poste Italiane and Scania to assure innovation and state-of-the-art offerings.David Nothacker, CEO of sennder, says, “This acquisition will be pivotal in advancing sennder’s roadmap. With its vision to accelerate global trade to deliver products and goods that drive the world’s economy, C.H. Robinson aligns strongly with sennder’s mission and values to create an efficient and sustainable road freight network in Europe

FBJ Online
May 16th, 2024
Sennder appoints product and tech chiefs

Sennder has appointed David Vismans as chief product officer and Kollen Glynn as chief technology officer.

FBJ Online
Mar 12th, 2024
Ssender appoints finance chief

Digital European road freight forwarder Ssender has appointed Susanne Schroeter-Crossan as chief financial officer (CFO).

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