Digital road freight forwarding startup sennder just received a seven-digit funding from Scania Growth Capital. Berlin-based sennder aims to digitalize an industry where the vast majority of processes and systems have remained unchanged over past three decades.
Founded in 2015, the rapidly growing startup manages full-truckload needs of shippers, leveraging a vast virtual fleet of freight trucks and vans. By eliminating industry-typical multiple subcontractor layers, the company enables significantly lower prices and improved customer experience for shippers, while relieving carriers from bureaucracy and fostering fleet utilization. sennderrelieving capatching algorithm utilizes data and technology to match carriers with shipments, which also revolutionizes the industrystering fleet utilizati sennder already serves some of the world’s largest e-commerce companies with vehicles across Europe, ranging from small vans to large 40 ton trucks.
Scania Growth Capital is a Stockholm-based venture capital fund initiated by Scania, a leading manufacturer of trucks and buses for heavy transport applications, employing over 44,000 people and operating in over 100 countries.
David Nothacker, Co-Founder and Managing Director of sennder commented: “We are very
enthusiastic to have secured Scania Growth Capital’s support. The transport industry is facing a revolutionary transformation through digitalization. With the knowledge and network of Scania, we will be able to accelerate our growth journey, with the ambition to offer the most customer focused and efficient service in the sector.”
Christian Zeuchner from Scania Growth Capital said: “sennder is an impressive service company with a focus on digital road freight forwarding. In a short time, sennder has been able to secure and develop long term contracts with some of the most demanding buyers of logistic services in Europe. By leveraging their digital platform, sennder increases the customer service level significantly while reducing cost for all involved parties.”
The IT system developed by sennder can be applied across a wide range of third-party fleets. Vehicles are directly connected to sennder’s platform, allowing shippers to access digital FTL sourcing operations, including live load access. Through digitization and connectivity, sennder relieves carriers from bureaucracy and fosters fleet utilization while offering lower costs and higher transparency to shippers.