Germany's Sennder Secures €228 Million in Funding to Expand Digital Freight Network

en.Wedoany.com Reported - On November 11, German digital freight company Sennder announced that it had obtained a total of €228 million in financing support, including a €155 million financing facility and €73 million in equity investment provided by existing shareholders over the past two years. The new financing was participated in by Coface, the European Investment Bank (EIB), cflox, and Deutsche Bank, while the equity investment was led by Sweden's Scania and Italy's Poste Italiane Group. The funds will be used for working capital turnover, expansion of the European freight network, and construction of the digital technology platform.

The €155 million financing facility consists of three parts: a €100 million non-recourse factoring facility provided by Coface, €40 million in venture debt financing provided by the European Investment Bank, and a €15 million supply chain finance program jointly provided by cflox and Deutsche Bank. All three financing instruments have been put into use, primarily to address capital turnover issues in the freight business, namely the time gap between carrier freight payments and shipper customer receivables.

Among them, Coface's factoring facility is used to unlock accounts receivable and reduce the occupation of corporate working capital; the European Investment Bank's €40 million financing is venture debt financing; and the supply chain finance program of cflox and Deutsche Bank provides early payment services to carriers in Sennder's transport network through Deutsche Bank's cash management system. The program has been running since August 2026 and covers more than 40,000 carriers.

The €73 million in equity investment comes entirely from existing shareholders, led by Scania and Poste Italiane Group. This portion of the funds has been used to complete the acquisition and integration of C.H. Robinson's European surface transportation business in the United States, including fully connecting the acquired business to sennOS, the digital transport platform independently developed by Sennder. Subsequent funds will also support the expansion of the transport network and the promotion of platform services and artificial intelligence applications to shippers, carriers, and other freight forwarding companies.

Sennder currently connects shippers with road transport companies, matching transport demand, vehicles, and freight resources through its digital platform. The company has more than 40,000 audited carriers and handles an average of more than 150,000 freight shipments per month. The financing arrangement shifts part of the working capital demand to financial institutions, enabling the company to reduce the occupation of its own equity capital in daily transport settlement.

Prior to the announcement of this financing, Sennder disclosed on October 21 that its unadjusted monthly International Financial Reporting Standards earnings before interest, taxes, depreciation, and amortization (IFRS EBITDA) had turned positive. The company expects to achieve profitability on this metric for the full year 2026, with annual operating revenue reaching €1 billion. The new financing will be combined with the previously completed business integration to support its expansion of the European road freight network and the scale of its digital business.