Berlin-based digital road freight forwarder Sennder is a company that has shown remarkable growth over the years. Earlier in January 2021, the company raised €131.64M in its series D funding round at a valuation of approx €820M.
Sennder closes Series D round
In a recent development, the company announced that it has raised an additional $80M (approx €65.35M) through the second closing of its Series D round of funding. This new capital brings the total size of the round to $240M (approx €196.16M).
The current round saw investment from new investor Baillie Gifford, who has also invested in high-growth technology companies, including Amazon, Tesla, and Spotify. To date, Sennder has raised more than $350M (approx €286M) and has now earned the status of a unicorn after its valuation reaches $1B (approx €817.33M).
JP Morgan Securities PLC was the sole placement agent for Sennder’s Series D funding raise.