10.06.20

BMH BRÄUTIGAM advises Earlybird on the merger of the LogTech startups Everoad and Sennder

BMH BRÄUTIGAM has advised Earlybird Venture Capital on the merger of the French LogTech start-up Everoad with its German counterpart Sennder.

Earlybird joined Everoad in the summer of 2017 as lead investor in the USD 19 million Series A financing round. Following the successful merger, Earlybird is now part of Sennder's renowned group of investors around Accel and Lakestar. The Berlin-based company Sennder has already been able to collect investments of more than 110 million Euros on its way to digitalising the freight forwarding industry, which were increased by a further double-digit million amount in the course of the merger with Everoad. Earlybird partner Fabian Heilemann sees the merger as the creation of a player with the potential to become Europe's first unicorn in the tech logistics industry with the help of further acquisitions.                                                                                                                                                                                                                                                                                                                                                           Background: Our partner Bastian Reinschmidt was able to gain Earlybird's trust in BMH BRÄUTIGAM through the ongoing cooperation with Earlybird portfolio companies, which we represented in financing rounds. With the merger of Everoad and Sennder, BMH BRÄUTIGAM has now become active for the first time on the Earlybird side. We are very pleased to continue to support Earlybird after this challenging and exciting transaction.                                                                                                                                                                                                                                                                                                                                                           Team BMH BRÄUTIGAM: Dr. Alexander Wulff, Dr. Patrick Auerbach-Hohl, Bastian Reinschmidt, Dr. Matthias Rüping, Dr. Julian Schroeder, Raoul Moriz Nissen, Janina Möllmann, Katharina Erbe (alle Venture Capital), Dr. Sebastian Krieg (Tax), Dr. Andrea Reichert-Clauß (Kartellrecht)