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100 million euro round for logistics start-up sennder

24. July 2019

Berlin — Accel has parti­ci­pa­ted in the Series C finan­cing round of Berlin-based logistics start-up senn­der toge­ther with other co-inves­­tors. Accel had already inves­ted in digi­tal freight forwar­ding for the first time in the spring as part of its Series B finan­cing round.

The startup curr­ently has around 150 employees and is active not only in Germany but also in Italy, Spain and the Bene­lux coun­tries. In recent months, Senn­der has grown signi­fi­cantly and this is expec­ted to conti­nue. In Septem­ber, new bran­ches will be opened: in Madrid and Wroclaw, and in Milan. In Italy, Senn­der has laun­ched a coope­ra­tion with Poste Italiane. Inter­na­tio­nal expan­sion will be just as much a focus in the coming months as the further deve­lo­p­ment of the tech­no­logy. Senn­der should then gene­rate one billion euros in sales in four years, explai­ned co-foun­­­der David Nothacker.

Foun­ders David Notha­cker, Julius Köhler, Nico­laus Schefen­acker (photo from right) have raised $100 million this year alone. Already in April, the well-known US VC Accel had provi­ded $30 million. Led by Swiss-German VC Lakestar, anot­her $70 million is now flowing into Sennder’s coffers. Siemens startup Next47 is a new entrant in the round, as is Italian family office H14. Exis­ting inves­tors HV Holtz­brinck Ventures, Project A and Scania Growth Capi­tal also parti­ci­pa­ted in the round.

Advi­sor Accel: Henge­ler Mueller
Henge­ler Muel­ler advi­sed Accel on the tran­sac­tion. Part­ner Dr. Jens Wenzel and asso­cia­tes Clemens Höhn and Alex­an­der Orlow­ski (all M&A/Venture Capi­tal, Berlin) were active.

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