Sennder Lands $255M From Scania, Poste Italiane as It Turns Profitable

Sennder, the Berlin-based digital road freight forwarder, has secured €228 million (about $255 million) in new financing, according to Tech Funding News. VentureTerminal lists the deal at $264 million. The package combines €73 million in equity with €155 million in financing facilities.

Truck maker Scania and Poste Italiane led the equity, with existing investors Accel, Baillie Gifford, HV and Lakestar participating. The equity came in over time: €47 million across the two years before 2026 and €26 million this year.

The Debt Side

The facilities make up the larger share. Credit insurer Coface provided a €100 million non-recourse factoring facility, the European Investment Bank added €40 million in venture debt, and CFLOX and Deutsche Bank supplied a €15 million supply chain finance facility.

Those lines cover the gap between when sennder pays carriers and when it collects from shippers, a working-capital squeeze common in freight brokerage. Funding that gap with facilities frees equity for technology, AI and network expansion.

The lender roster is also telling. A non-recourse factoring line from Coface means sennder can sell its receivables without carrying the credit risk on its own balance sheet, and venture debt from the European Investment Bank adds a public-sector stamp of approval to a European logistics platform. That mix of commercial and institutional financing is typically harder for loss-making startups to secure, which makes the timing alongside the profitability milestone notable.

Profitability Milestone

Sennder says it has reached positive monthly EBITDA under IFRS on an unadjusted basis and expects to stay positive for full-year 2026. It did not disclose a figure. The company expects about €1 billion in revenue this year.

"With profitability achieved, we now have the financial flexibility to accelerate our next phase of growth," said David Nothacker, co-founder and CEO.

Part of the equity supported the integration of C.H. Robinson's European Surface Transportation business, which sennder agreed to buy in July 2024 and completed in February 2025. That deal significantly expanded its European footprint.

How Sennder Works

Founded in late 2015 by Nothacker, Julius Köhler and Nicolaus Schefenacker, sennder started in parcel shipping before switching to full truckloads in 2016. Its sennOS platform matches shippers with vetted carriers, handling more than 150,000 shipments a month through over 40,000 carriers.

Scania has been a partner since 2017 and is among sennder's largest investors. In 2023 the two launched JUNA, a joint venture offering electric trucks to carriers on a pay-per-use basis, which has since passed 100 e-trucks in operation across Germany, Italy, Poland and the Netherlands.

What Comes Next

Sennder's best-known round came in 2021, when a deal led by Baillie Gifford pushed its valuation past $1 billion. No valuation was given this time. Total funding is now reported to exceed $350 million.

The shift toward facility-heavy financing reflects a more mature business. With profitability in hand, the test is whether sennder can keep growing volume and margins in a cyclical, low-margin freight market while investing in automation.

Source

Tech Funding News — German unicorn sennder lands $255M from Scania, Poste Italiane, Coface, and the EIB