BERLIN: Digital freight startup Sennder on Tuesday said it had raised a further US$80 million from investors to expand its business, having decided against going public via a merger with a listed blank-cheque company.
Sennder had held talks with a number of Special Purpose Acquisition Companies - listed shell companies that offer a more direct route to the stock market than a traditional initial public offering - but that option was now off the table. Sennder, founded in 2015, has emerged as a consolidator in Europe's freight-tech sector, merging with France's Everoad and buying Uber's European freight business last year.Its technology platform matches full-truck loads with actual trucks, a process that has traditionally relied on small trucking companies working with phone, pen and paper.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German 'insurtech' Wefox raises US$650 million at valuation of US$3 billionBERLIN: Digital insurance startup Wefox said on Tuesday it had raised US$650 million from investors, in what it called a record-breaking round ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China regulator fines 15 tutoring firms for false advertising, fraudChina's market regulator fined 15 private tutoring firms for combined 36.5 million yuan (US$5.73 million) for false advertising and pricing ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
CD Projekt Q1 net profit misses expectationsCD Projekt's first-quarter net profit fell 64.7per cent to 32.5 million zlotys (US$8.87 million), missing market expectations, hurt by the costs ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
North accuses US of hostility over South Korean missile decisionSEOUL: North Korea said on Monday the US allowing South Korea to build more powerful missiles was an example of the US' hostile policy against the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Taiwan approves US$15.2 billion in new spending to deal with COVID-19 impactTAIPEI: Taiwan's parliament approved on Monday (May 31) an extra NT$420 billion (US$15.20 billion) in stimulus spending to help the economy deal ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US administers 294.9 million doses of COVID-19 vaccines: CDCThe United States has administered 294,928,850 doses of COVID-19 vaccines in the country as of Sunday morning and distributed 366,316,945 doses, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »