Seven Senders, a European parcel shipping platform, has concluded a US$40m series C financing round. As with previous financing rounds, the lead investor is Digital+ Partners, which, together with BTOV, covers the funding needs of the Seven Senders’ expansion plans.
Seven Senders says it will use this flow of capital for further technical expansion and the advancement of its internationalization strategy. This will include establishing 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 says it has profited greatly from the expansion of European online trade in the last year and revenues have doubled since March 2020. As part of its growth target, the company recently opened new country offices in Amsterdam, Vienna and Madrid. In February 2021, it also introduced a solution for shipping to the UK, which it claims guarantees the seamless flow of goods post-Brexit.
Dr Johannes Plehn, founder and co-CEO of Seven Senders, commented, “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 including dealers outside the European Economic Area. We are approaching this development with full focus.”