Italian Post significantly increases stake in logistics unicorn

2023-07-12 08:00:00

Sennder boss and co-founder David Nothacker

Nothacker co-founded Sennder in 2015 and also initiated the joint venture with Poste Italiane.

(Foto: Bloomberg/Getty Images)

Berlin The Italian Post is significantly expanding its stake in the Berlin logistics start-up Sennder. As part of the realignment of the Italian joint venture, Poste Italiane’s stake in Sennder will increase to ten percent, the Berlin start-up announced on Wednesday. “So far, the post has held around two percent,” said Sennder co-founder and boss David Nothacker the Handelsblatt.

Nothacker did not want to comment on the value of the stake. In the last round of financing in June 2021, Sennder was valued at around one billion dollars and is therefore referred to as a so-called unicorn.

The joint venture with the Italian Post has existed since 2019. Since then, Sennder has handled most of the truck transports for Poste Italiane. Both companies have now prematurely extended their collaboration for a further ten years.

Sennder: Italy joint venture is already profitable

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