Digital+ backs Seven Senders in €16m funding round

Digital+ is currently investing from its Digital Growth Fund I, which writes equity cheques of €5-25m in initial rounds and €20-30m in further rounds.

BtoV is investing from its BtoV Partners III vehicle, which closed on €75m in 2015.

The fresh capital will be used for international expansion. Following the investment, the company has also decided to focus on growth rather than profitability. It claims to generate revenues of more than €10m.

Previous funding
Business angels and BtoV invested a seven-digit amount in the company in 2016.

BtoV led another investment round in 2017, a €6.5m series-A. Reno Kohler and other business angels and existing investors participated.

Company
Founded in 2015, Seven Senders is based in Berlin and operates in Europe. Its platform connects merchants with local carriers for the delivery of parcels. The platform also offers tracking and monitoring capabilities. The company employs approximately 80 people and boasts clients such as Best Secret, EMP and SumUp.

People
Digital+ Partners – Patrick Beitel (founding partner, managing director).
BtoV – Florian Schweitzer (partner).
Seven Senders – Johannes Plehn (founder, managing director).

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• Topics
• Expansion
• DACH
• Technology
• Venture
• Germany