Freight unicorn sennder lands €228M in equity and credit
What's the deal? German freight startup sennder has raised €228 million ($255 million), combining €73 million in new equity with €155 million in financing facilities. ScaniaDealroom has a profile for this one. Try Dealroom → and Poste ItalianeDealroom has a profile for this one. Try Dealroom → led the equity portion, all of which came from existing investors.
How it breaks down: CofaceDealroom has a profile for this one. Try Dealroom → provided a €100 million non-recourse factoring facility, the European Investment Bank added €40 million in venture debt, and CFLOXDealroom has a profile for this one. Try Dealroom → and Deutsche Bank supplied a €15 million supply chain finance facility. The equity split was €47 million over the two years before 2026 and €26 million in 2026.
Why most of it isn't equity: Freight forwarders pay carriers before customers pay them, so they must finance that gap. The €155 million covers it, freeing equity for growth, technology, and AI.
The numbers: sennder reported positive monthly EBITDA and expects full-year profitability and €1 billion in revenue in 2026. That target follows completion of its acquisition of C.H. RobinsonDealroom has a profile for this one. Try Dealroom →'s European Surface Transportation business, which closed in February 2025 and added over 6,500 shippers and 15,000 carriers.
What's the endgame? sennder connects shippers' loads with vetted carriers through its sennOS platform to cut empty miles and improve transport flows. Founded in late 2015 by David Nothacker as an INSEAD MBA project, it started with coach parcel shipping before switching to full truckloads in 2016.
The backstory: Strategic deals drove its growth. It merged with French rival Everoad and acquired Uber Freight's European business in 2020, then crossed the $1 billion valuation mark in 2021 after Baillie Gifford led an $80 million round. Total funding has now passed $350 million.
Why now? "sennder has built a strong position in European road freight, and its move to profitability is the kind of progress we look for in a long-term partner," said Ansgar Kugelstadt, managing director at Coface Finanz.
The signal: The raise reads as financing flexibility after integration rather than a fresh venture bet. With the C.H. Robinson deal absorbed and EBITDA turning positive, sennder is using credit lines to fund day-to-day cash flow while reserving equity for technology and network expansion.
Read more: Tech Funding News
Image credit: Sennder
