sennder partners with German logistics provider Fiege
German logistics provider Fiege has invested in digital road freight forwarder start-up sennder as part of the company’s June extension to its Series D funding round.
“We have known sennder’s founding team made up of David Nothacker, Nicolaus Schefenacker and Julius Köhler for many years. Our investment into sennder forms a further crucial component in our digitalisation strategy and is a valuable addition to our offer of transportation services,” said Fiege’s Partner Manager Felix Fiege.
The goal is for Fiege and sennder to “mutually support one another” to further improve operational performance capacities, according to Felix Fiege.
The Partner Manager added:
“This is why it is much more than your typical financial investment; it is primarily a strategic partnership which is mutually beneficial to both sides involved. In the end, it will be our customers who benefit the most – and that, overall, is always the decisive criterion for our entrepreneurial activities.”
David Nothacker, co-founder and managing director of sennder, also welcomed the partnership:
“Our collaboration showcases the increased demand for digital supply chain solutions. I look forward to working closely with the team at Fiege, together we will introduce innovative solutions to the logistics industry while growing our respective businesses.”
Today sennder has a workforce of over 900 employees, manages a fleet of 12,500 trucks across Europe and is now valued at over one billion US dollars.