Sennder raises $70m funding

Sennder has raised $70 million in a series C round of funding led by Lakestar, with participation from Accel, HV Holtzbrinck Ventures, Project A, Siemens’ Next47, H14, and Scania Growth Capital.

Founded out of Berlin in 2016, Sennder touts itself as a “digital road freight forwarder,” with a platform that sets out to modernize and automate an industry that has traditionally relied on paper, phone calls, and faxes. The platform constitutes various tools, including a mobile app that lets drivers view and accept loads, fleet management tools for trucking companies, and logistics management smarts for the shippers.

Through Sennder, users can view real-time arrival information about their goods, including the precise location of a shipment, and receive automatic notifications of delays due to traffic or other unforeseen circumstances.

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For now, Sennder is focused squarely on the European market, where it says the road freight industry is worth around $400 billion, but the company represents part of a global push to digitize a historically inefficient industry.

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