Asset Manager

Updated:

sennder

sennder GmbH was established in Berlin in 2015 by David Nothacker, Julius Köhler, and Nicolaus Schefenacker.

sennder

sennder GmbH was established in Berlin in 2015 by David Nothacker, Julius Köhler, and Nicolaus Schefenacker. The three founders met at business school before launching the company with the goal of bringing the European road-freight market, which is dominated by small owner-operator fleets, onto a single digital infrastructure. The firm identifies the underlying inefficiency as structural: roughly 70% of European trucking capacity sits with carriers operating five or fewer vehicles, and load matching remains largely phone- and fax-based. sennder operates a proprietary platform that automates freight tendering, carrier assignment, real-time shipment tracking, and settlement. Its enterprise clients — which have included major industrial and consumer-goods shippers — integrate directly with the platform to access guaranteed capacity from a vetted carrier pool. On the carrier side, sennder provides a load board and back-office tools, positioning itself as an in-house logistics department for small trucking businesses. The asset mix spans full-truckload, less-than-truckload, and intermodal moves across road and rail, primarily within continental Europe. In a 2021 deal that reshaped its competitive footprint, sennder acquired the European surface-transportation operations of Uber Freight, inheriting a Dutch subsidiary and a sizable shipper book (per Reuters, 2021). The combined entity operates across Germany, France, Italy, Poland, and the Netherlands as its core markets. sennder does not publicly disclose its assets under management, and as an operating company rather than an investment fund, AUM is not the relevant metric. The firm has raised in excess of $300 million in venture funding across multiple rounds (per Crunchbase and TechCrunch, 2021). Backers have included Accel, Lakestar, HV Capital, Baillie Gifford, and Scania Growth Capital. The firm has pursued an acquisition-led growth strategy: in addition to the Uber Freight Europe transaction, it acquired the German intermodal specialist Cars & Cargo in 2021 and the French full-truckload platform Everoad in 2020. A secondary resource-allocation arm, concentrated on research and development, is housed within its Berlin headquarters; the firm opened a technology center in Amsterdam following the Uber integration. What sets sennder apart structurally is its post-acquisition integration model. Rather than rebrand acquired competitors, it operates them as distinct commercial units under a shared technology stack, giving it multiple go-to-market brands while consolidating carrier supply and algorithmic pricing logic into a single backend. This allows the group to serve different shipper segments without cannibalizing sales channels, a hybrid structure more common in enterprise software roll-ups than in logistics.

General information

Firm type

Asset Manager

Year founded

2015

AUM

Undisclosed

Location

Region

Europe

Country

Germany

City

Berlin

Corporate office

Berlin, Germany

Principals

David Nothacker

Chief Executive Officer

Julius Köhler

Chief Business Development Officer

Nicolaus Schefenacker

Chief Product & Strategy Officer

Sector focus

Mobility & TransportationEnterprise Software

Frequently asked questions

Who runs investment decisions at sennder?

sennder is an operating company, not an investment firm, so it does not manage third-party capital. Strategic decisions — including geographic expansion and M&A targets — are led by co-founder and CEO David Nothacker alongside the executive team. The firm's venture-capital backers, including Accel and Baillie Gifford, participate at the board level but do not direct day-to-day capital allocation.

How does sennder source proprietary deal flow for its M&A strategy?

sennder's acquisitions have historically targeted regional full-truckload and intermodal platforms that own scarce carrier relationships in specific European markets, such as Everoad in France and Cars & Cargo in Germany. The firm uses its own transactional data to identify lanes and regions where its shipper demand exceeds its organic carrier coverage, then seeks acquisition targets that fill those gaps.

Is sennder a logistics company or a technology company?

sennder is a digital freight forwarder — it carries the freight contractually, takes pricing risk, and generates revenue from the spread between shipper rates and carrier payments, but it does not own trucks or employ drivers. Its value proposition rests on the technology layer that automates procurement, tracking, and settlement, making it operationally closer to a logistics integrator than a pure software vendor.

Does sennder operate outside Europe?

As of the most recent public disclosures, sennder operates exclusively within Europe. Its core markets are Germany, France, Italy, Poland, and the Netherlands. The firm has not announced expansion into North America or Asia, though its acquisition of Uber Freight's European business in 2021 raised speculation about a potential transatlantic alignment in the future.

What is sennder's relationship with Uber?

In September 2021, sennder completed the acquisition of Uber Freight's European surface-transportation operations (per Reuters, 2021). As part of the deal, Uber became a minority shareholder in sennder, and the two firms entered an ongoing commercial agreement for cross-referral of shippers. The transaction did not include Uber Freight's North American business.

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