Berlin-based Sennder crosses €820M in valuation after securing €131.64M in series D funding: Here is all you need to know


There are few companies that can continue a growth streak, especially after last year. However, the Berlin-based digital road freight forwarder Sennder is a company that has shown remarkable growth over the years. It is now continuing its growth streak as it raises €131.64M in its series D funding round. With the latest funding, the company’s valuation surpassed €820M.

Funding details

In its latest series D funding round, Sennder raised a notable €131.64M. Participants in the round included all of the company’s existing investors such as Accel, Lakestar, HV Capital, Project A and Scania, among others. With this funding round, the total amount raised by the company till date stands above €214M. The company plans to invest €82.3M from fresh funds into growing and developing its technologies.

The latest investment will also help Sennder expand its 200-people technology team and accelerate its research and development into automation, digitalisation, optimisation and decarbonisation of road freight. It will also channel funds towards expanding its business into new European markets and replicating the success it witnessed with Poste Italiane. Through the Italian joint venture, Sennder is said to have helped the business save 6% of its €100m annual spending and it aims to replicate the same with its other partners. 

David Nothacker, CEO and Co-Founder of sennder, says, “As a data-driven company, we contribute to making the logistics industry fit for a sustainable future; ensuring transparency, flexibility and efficiency in the distribution of goods. The COVID-19 pandemic has demonstrated the importance of a digitalised logistics industry. Throughout 2020, we helped our carriers increase their profitability by enhancing operating margins by up to 80% during a challenging time.“

Enabling transparency and efficiency

Sennder is a road freight forwarder that banks on digitisation of the sector to provide its services. The company directly connects enterprise shippers with trucking companies via its proprietary technology, which is said to provide greater transparency and efficiency to both carriers and shippers. It also uses data to optimise route efficiency, which not only decreases the cost of transportation but also helps in reducing the environmental impact of road freight.

Sennder predicts that it will move over 1M truckloads this year, making it Europe’s leading digital road freight forwarder. Founded in 2015 by David Nothacker, Julius Köhler and Nicolaus Schefenacker, the company now has over 800 employees, which work across its seven international offices. It enables transport services for over 10 organisations listed in the German DAX 30, and 11 companies from the Euro Stoxx 50. 

The year 2020 was notable for Sennder as the company merged with French competitor Everoad in June and  acquired Uber Freight’s European business in September.

Startups – Silicon Canals

Berlin-based Bird Eats Bug raises €1.5 million to help teams report and fix bugs faster 

Bird Eats Bug, the SaaS tool that helps companies save time on fixing technical issues has raised a €1.5 million seed round, led by Nauta Capital.  Founded in 2020, Bird Eats Bug has built a SaaS tool that allows even non-technical people to create data-rich bug reports that can save companies expensive engineering time. While…

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Berlin-based sennder raises €131.2 million to accelerate the digitalization of European trucking and drive expansion

German company sennder, one of Europe’s leading digital road freight forwarders, has today announced that it has raised around €131.2 million in Series D financing, surpassing a $ 1 billion (approx. €822 million)  valuation. New investors led the round, which also involved all of sennder’s existing investors, overall including Accel, Lakestar, HV Capital, Project A and…

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Berlin-based Delivery Hero launches its own VC fund; plans to deploy €50M initial capital in these sectors

Delivery Hero

A few days after raising €1.2B with a capital increase, Delivery Hero, a Berlin-based food delivery platform, has launched an independently managed early-stage venture capital fund – DX Ventures. With the fund, the German company is planning to invest in disruptive founder-led companies.

Duncan McIntyre, Managing Director of DX Ventures, says: “Being a family of founders, investing in entrepreneurship is an integral part of Delivery Hero’s journey. We understand the opportunities and challenges these startups are facing because we have gone through them ourselves. Delivery Hero has built a strong track record of investing in leading technology companies and gained a deep understanding of the global delivery and food industries. We pride ourselves on being able to offer support to founders and the companies we invest in and guide them on their path to lasting success.”

Plans to deploy €50M initial capital

At present, DX Ventures has an initial capital of €50M to invest in startups across various industries including, on-demand services, food technology, sustainable innovation, artificial intelligence, fintech, and logistics.

Duncan McIntyre, who joined Delivery Hero in 2014, heads DX Ventures. Notably, he has helped the company with its listing on the Frankfurt stock exchange in 2017, and expansion into the different markets as well through over 30 M&A transactions. 

Centred on building long term partnerships

The DX Ventures team is responsible for over €500M of minority investments across a wide range of industries, including global success stories such as Rappi, Glovo, and Impossible Foods. 

DX Venture says that the fund’s approach is centred on building long-term partnerships with founders to provide support throughout the lifecycle and actively create value.

Fundraising, deal approval and more

A few days back, the German food delivery company raised €1.25B by issuing 9.44 million new shares to institutional investors at €132/share, increasing its current share capital by around 4.7 per cent. 

Notably, the Berlin food delivery company also received regulatory approval of its $ 4B (approx €3.6B) Woowa Brothers takeover deal as well. The company expects to receive the final written approval and closing to occur in the first quarter of 2021.

Currently, Delivery Hero operates in 50 countries across Asia, Europe, Latin America, the Middle East, and North Africa. It is valued at €24.5B and raised $ 6.6B (approx €5.4B) in funding to date. Headquartered in Berlin, Germany, the company has more than 27,000 employees.

Startups – Silicon Canals

Berlin-based Spryker raises €106.09M in Series C round led by TVC; find out its current valuation, future plans


In this day and age of digital living, most companies are shifting their services online. This year, due to the pandemic, accelerated this shift to digital. Berlin-based Spryker, which provides a full suite of e-commerce tools for businesses, witnessed notable growth. The company has raised a whopping €106.09M in its latest financing round. 

Funding details and expansion plans

The latest funding of €106.09M for Spryker was led by TVC, which is a well-known investor that has previously backed notable companies such as Airbnb, Netflix, Facebook, Spotify, among others. Gopi Vaddi, general partner at TCV will be joining Spryker´s board of directors. 

Previous backers of the startup, One Peak and Project A Ventures, also participated in the financing round. After the new funding round, the startup’s valuation exceeds €407.85M. 

The company aims to use the fresh funds to expand its B2B and Enterprise Marketplace products, and create a 3rd party technology AppStore. Spryker also intends to grow its international footprint while keeping its focus on the U.S., which apparently already accounts for 10% of its annual software revenue. 

With annual spending in digital commerce software pushing €5B, it is one of the most lucrative sectors to work in and Spryker aims to expand its market share in the segment. The company will also hire new team members. 

Spryker: The modern platform-as-a-service solution 

Spryker offers e-commerce PaaS solutions for its clients and it claims its offering to be the most advanced one with over 800 API-based modules. Founded in 2014 by Boris Lokschin and Alexander Graf, the company has over 150 global customers, employs over 190 people and has offices in three regions. 

The startup says it can accelerate the deployment, time-to-value, and transformation period of transactional business models. This is possible thanks to the company’s headless and API-based architecture, which works in tandem with a modular packaged business capabilities (PBC) design. The cloud-native PaaS delivery model opens up further growth avenues for businesses that have outgrown SaaS and on-premise single-tenant models. 

Spryker has also shown notable growth as its recurring revenue is claimed to have grown over 100% YoY. Its global team count is over 250 employees with over 35 nationalities, which work out of offices in Germany, USA, U.K., Netherlands, and Ukraine. Due to the pandemic, Spryker has offered remote-first options for its workforce. The company will expand its operations in the U.S. in early 2021.

Startups – Silicon Canals

Berlin-based, a real-time booking engine for air cargo, raises €34.3 million as demand soars globally, the digital booking platform for air cargo, has raised around €34.3 million in Series B funding following a year of remarkable growth. The news comes just six months after an approx. €14.7 million Series A funding round and is fueled by growing demand for digital distribution as cost pressures and a capacity crunch hit…

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Berlin-based AUCTA lands €510K to revolutionize knowledge transfer in industries with 3D visualizations

AUCTA, a provider of digital industrial solutions in the field of 3D visualizations, closes 2020 with a six-figure financing round. The tech startup, founded by the trio Elías Alonso, Daniel Seiler and Henri Huselstein, develops software for immersive employee training and 3D instructions for industrial companies.  AUCTA is already active in the DACH region and…

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Berlin-based Neufund, a blockchain-enabled fundraising platform, secures €4 million and seeks a financial license

Neufund, a fintech startup that connects innovative companies seeking capital with progressive investors, today announces €4 million of funding led by Atlantic Labs and Udo Schloemer (founder and CEO of Factory Berlin), with additional funds coming from Freigeist Capital and Dario Suter (founder and managing director of DCM). The new round extends the company’s previous…

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Bertelsmann Investments invests in the crypto fund of this Berlin-based VC firm

Greenfield One Crypto

Quite lately, numerous traditional VCs are gradually diversifying their portfolios to invest in crypto-assets and blockchain technology projects, as well as launching crypto-centric funds.

Bertelsmann invests in Greenfield One

In this regard, Greenfield One, the Berlin-based early-stage Crypto VC firm, has launched in a first closing its second fund with a target volume of €50M. Bertelsmann Investments and leading German family office Lennertz & Co. are among the first investors.

Founded in 1835 in Gütersloh, Germany, Bertelsmann is a media, services, and education company that operates in about 50 countries around the world. It has a vast portfolio including broadcaster RTL Group, the trade book publisher Penguin Random House, and music publisher BMG. 

How will the second fund be used?

For now, Greenfield One aims to invest in the fundamentals of Web 3.0: The fund focuses on crypto networks and developer teams that use blockchain-based technology to create the infrastructure for Web 3.0 as a fundamental asset layer on the internet. This portfolio is targeted to hold about 25 investments. It’s worth mentioning that the second fund is regulated under German BaFin. 

Sebastian Blum, founder and partner, Greenfield One, says, “We have decided to launch our funds in Germany, as this is where secure regulation and political openness for crypto and blockchain come together.”

First fund in 2019

The crypto VC firm launched its first fund in early 2019. Since then, the team has invested in various early-stage seed rounds including, NEAR, Celo, Spacemesh, Vega, Multis, Arweave, Dapper Labs, and 1inch.

About Greenfield One

Founded by Jascha Samadi, and Sebastian Blum in 2018, the fund makes long term investments in early developer teams, building towards an open, decentralised, and more robust architecture of tomorrow’s web.

The German company that invests in teams and projects with a European footprint follows a research-driven investment approach. It also actively participates in the portfolio’s Crypto Networks through its technical infrastructure.

Startups – Silicon Canals

Berlin-based Wonder bags €9M for its videoconference platform where users can move around to meet people

The online video communication market witnessed a massive growth in 2020 due to the lockdown caused by the pandemic. Eventually, several such video communication tools are mushrooming with some of them becoming household names. One such tool is Wonder with over 200,000 monthly users. Now, this Berlin-based company has secured funding.

Investment from EQT Ventures!

Wonder announced that it has bagged $ 11M (nearly €9M) funding led by EQT Ventures along with participation from existing investor – Blueyard Capital. Stephane Roux, the co-founder of Wonder, commented: “We’re thrilled to have Jenny and EQT Ventures join us for the next stage of our journey, as we look to continue our growth and revolutionise how communities interact with each other.”

Online meetings feel more natural

Founded by Stephane Roux, Leonard Witteler, and Pascal Steck, Wonder is a virtual event space where people can meet and talk. Once they get close to each other, a videoconference starts. This allows them to organically form little groups and mingle, claims the company.

“Unlike other video conferencing and online event tools, Wonder is focused on natural interactions that mirror real-life dynamics of group gatherings. Users navigate a 2D space with a bubble that shows their photo and can join group conversations and broadcasts — coming and leaving seamlessly,” Jenny Dreier, venture lead, Berlin, EQT Ventures, mentions in a blog post.

Explaining how Wonder works, Steck mentions, “The basic idea is simple: each person is represented by a little avatar. By clicking or dragging your mouse, you can move around the room. If you get close enough to someone else, a video chat opens. You can see other people moving around the space and talking to each other, but you cannot hear or see their conversation unless you stand in the small circle around them.”

He also mentions that rooms can be password-protected to prevent unwanted guests from entering the room (Zoombombing). Talking about the data privacy measures Wonder undertakes Steck says, “Wonder does not have access to any of your audio or video data. We briefly hold the data to transmit it, but do not store it, and our employees cannot access it. Wonder also doesn’t have any personified data on its guests (e.g. addresses or bank details) because we don’t ask for them. If you request your own room, we ask for your email to send it to you. We store your profile picture, name, and chat so that your information doesn’t get lost between sessions.” Wonder is also 100% GDPR-compliant.

Origin story

According to Dreier, “A first version of Wonder was actually created a couple years ago after Leonard (one of Wonder’s co-founders) had taught himself to code. Friends and family who tried it were excited, but Leonard believed that the tech wasn’t quite ready to allow for a pleasant experience. He put it away and worked on something else for the time being.”

“In early March, Stephane, Pascal and Leonard were working together on something totally different (ironically, a platform to organise in-person events) when COVID hit, and Leonard remembered his old project. Now the timing was right. Video communication had become mainstream with the available technology and infrastructure advancing to change the entire work-from-home dynamic. Even to the most ardent opponents of video conferencing, the future was here,” she adds.

As per Dreier, since its launch in early 2020, Wonder has grown to more than 200,000 monthly users, adding 30% week-on-week. It users include prominent names such as SAP, NASA, Deloitte, and Siemens. The company was previously called Yotribe and changed its name to Wonder in September this year.

Startups – Silicon Canals