Germany-based logistics software developer Sennder has secured $70m in a series C round that included industrial equipment and appliance producer Siemens as well as automotive manufacturer Scania, TechCrunch reported yesterday.
Venture capital firm Lakestar led the round, which valued the company at approximately $300m according to TechCrunch. It included Accel, H14, HV Holtzbrinck Ventures and Project A, while Siemens and Scania took part through investment subsidiaries Next47 and Scania Growth Capital.
Founded in 2015, Sennder provides software that helps large commercial shippers access a fleet of more than 7,500 vehicles for local delivery services covering e-commerce, consumer goods, express, same day delivery, refrigerated delivery, oversized loads and special needs deliveries.
The company also offers a mobile app for drivers and a fleet management platform for shippers in addition to live tracking and invoice tools. Scania Growth Capital initially invested a seven-digit amount in Sennder in 2017.
Accel led a $30m series B round for Sennder in April this year that included Scania, HV Holtzbrinck Ventures and Project A, according to Benzinga, the latter two being identified as existing investors.
David Nothacker, Sennder’s co-founder and CEO, said: “We have pooled our knowledge and experience gathered in our previous roles to improve operational excellence in this highly complex market.
“Our relentless focus on product and industry pain points has helped us to deliver an impressive portfolio of global, highly satisfied enterprise clients. We believe that Sennder is leading the way for the industry on digitisation, reliability and customer service.”