Monday, January 25News That Matters

Tag: Freight

Freight tech startup Sennder raises $160 million at valuation of over $1 billion

Freight tech startup Sennder raises $160 million at valuation of over $1 billion

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BERLIN (Reuters) - Digital freight startup Sennder talked about on Thursday it had raised $160 million from investors, valuing the six-year-conventional enterprise at more than $1 billion, and would invest the proceeds in its technology platform.The Berlin-based exclusively firm has emerged as a consolidator in Europe’s freight-tech sector, merging with France’s Everoad and buying Uber’s European freight enterprise final year, and objectives to plod a million truckloads this year.“Industry became very sturdy in 2020, which is the the rationalization why we had a possibility to take hold of extra money,” CEO and co-founder David Nothacker suggested Reuters. Closing year’s deal-making helped in the reduction of possibility for its investors, he added.The Series D funding spherical became ba...