INSUBCONTINENT EXCLUSIVE:
Logistics and the movement of freight from point A to B (and C and beyond) is one of the more antiquated, and less-understood, aspects of
But one look at Amazon and how it has grown its empire on the strength of its logistics prowess (and another glance or two at the companies
that have fallen down on supply and shipment costs and issues), and you can see just how much of a cornerstone it is for a business to get
Today, a Berlin-based startup called Sennder is announcing a significant round of funding to take on that antiquated logistics market with
an updated, digital platform
second round that Sennder has raised this year alone
(It announced a Series B of $30 million this past spring.) That underscores the current surge of investor and market interest in logistics,
which is estimated to be a $400 billion market in Europe alone.Other big funding rounds in the market have included others that compete
directly with Sennder in the area of freight forwarding, such as Flexport out of the United States bagging an investment from SoftBank at a
$3.2 billion valuation; Zencargo out of the U.K
raising $20 million; and FreightHub raising $30 million
optimising the cargo that lorry drivers are packing up onto their pallets, with a specific focus on smaller and mid-size trucking companies
As with other startups in logistics, the aim is to bring cloud-based communications and better record keeping, along with more efficient
logistical mapping organization, to an industry that has been operating largely by way of faxed or shipped invoices and even, in some cases,
In the case of Sennder, that includes not just better communication between truckers, those shipping the goods and those receiving them, but
GPS tracking to help with arrivals estimates and invoicing between truckers and shippers
our knowledge and experience gathered in our previous roles to improve operational excellence in this highly complex market
Our relentless focus on product and industry pain points has helped us to deliver an impressive portfolio of global, highly satisfied
