BMH BRÄUTIGAM advises Earlybird on Series D financing round of Unicorn sennder
BMH BRÄUTIGAM has advised Earlybird Venture Capital on the Series D financing round of portfolio company sennder in the amount of US$ 160 million. This brings sennder's valuation as Europe's leading digital freight forwarder to more than US$ 1 billion, making it one of the most valuable European startups.
The current financing round is led by new investors. In addition to Earlybird, other well-known existing investors such as Accel, Lakestar, HV Capital, Project A, Next47, Scania Growth Capital, and Perpetual are also investing, confirming their confidence in the company's business model and direction. Earlybird has been part of sennder's prestigious investor base since the successful merger of Everoad and sennder last year.
Since its foundation in 2015 by David Nothacker, Julius Köhler and Nicolaus Schefenacker, the Berlin-based company, which uses its in-house developed technology to connect commercial shippers directly with freight forwarders, has grown remarkably. sennder currently has more than 800 talents in seven international locations and will handle more than one million FTL loads this year.
Much of the fresh capital (US$ 100 million) will be used to expand sennder's technology. The remaining capital will go towards the rapid expansion into new European markets with a focus on strategic partnerships.
BMH BRÄUTIGAM continuously advises Earlybird on investments (most recently on its investments in Energy Robotics and Upvest, as well as previously on the merger of Everoad and sennder) and has been able to further strengthen and expand the client relationship.
Team BMH BRÄUTIGAM:
Dr. Alexander Wulff, Till Wansleben (both Venture Capital)