Home Business NewsBusinessBusiness Growth Seven Senders secures $40m in series C funding

Seven Senders secures $40m in series C funding

by LLB Finance Reporter
15th Apr 21 9:22 am

Seven Senders, Europe’s leading delivery platform for parcel shipping, can look back on a successful 2020 which has concluded in a series C financing round of $40 million. As with previous funding rounds, the lead investor is Digital+ Partners, which, together with btov, covers the investment needs of the Berlin scale-up.

Seven Senders will use this flow of capital for further technical expansion and the advancement of its internationalisation strategy. This will include the introduction of central service hubs to support the European business activities of Chinese and US online retailers.

With its focus on cross-border shipping processes, Seven Senders has expanded its European online trade in the last year with revenues doubling since March 2020. As part of its growth target, the company recently opened new country offices in Amsterdam, Vienna and Madrid. In February 2021, Seven Senders also introduced a solution for shipping to the UK that guarantees a seamless flow of goods post-Brexit.

With its network of more than 100 local premium parcel delivery agents, the Seven Senders platform optimises the shipping process for traders throughout Europe. The entire network can be accessed through a standard interface, ensuring the best possible shipping in Europe for every package with minimal complexity. Every sender has access to fast, reliable, inexpensive delivery, each adapted to the needs of the end customer. Excellent monitoring, tracking and communication throughout the shipping process completes the positive customer experience.

The solution has been welcomed by the market as indicated by the nine-digit annual revenue and a customer roster that includes ASOS, Shop Apotheke, Lillydoo, Mister Spex, Juniqe, Flaconi, Westwing, Best Secret, foodspring, Limango and Thomann.

Dr Johannes Plehn, Founder and Co-CEO of Seven Senders said, “Over the last year, we have consistently pursued our growth strategy. Thanks to investment in technology and employees, we were able to help our customers cope with the enormous increase in demand for online retail in the wake of the coronavirus pandemic. We will continue to use this positive market development and expand our services, with a view to include dealers outside of the European Economic Area. We are approaching this development with full focus.”

Patrick Beitel, Managing Director and Partner of Digital+ Partners added, “Since the beginning, we have been invested in the sophisticated technology of Seven Senders and the high degree of logistical expertise. The last 18 months have more than proven us right. In expanding its international shipping service, Seven Senders seized the opportunities offered by the overall positive market development. So we are pleased to jointly drive the further growth of Seven Senders to make it the European number one in parcel shipping.”

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