Logistics start-up Sennder has closed its Series D funding round. This elevates it to the status of a unicorn.
The Berlin-based start-up Sennder receives 160 million US dollars. New investors in the Series D funding include Accel, Lakestar, HV Capital, Project A and Scania. "All existing investors continue to support Sennder, reaffirming their confidence in the company's business model and direction," the company said in a statement.
As a result, the logistics startup exceeds its billion-dollar valuation and can now call itself Unicorn. "I am very proud that Sennder's mission and vision has now become a reality," said CEO and co-founder David Nothacker. "We are now an established industry player and on par with traditional companies in the logistics sector."
Founded in 2015, Sennder offers an all-inclusive program for logistics companies. Among other things, software optimizes the routes of the vehicles. Up to 10,000 trucks are on the road for Sennder, 800 employees work for the start-up. Ten of the German DAX30 companies use Sennder's service.
100 million US dollars are to be invested in the further development of the technology and in growth; Sennder intends to spend the remaining 60 million US dollars on rapid expansion.
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