Business & Investment

Bringg Raises $ 100 Million in Series E Financing

Bringg, a delivery and fulfillment cloud platform provider, has completed a $ 100 million investment in Series E and raised its market valuation to $ 1 billion. The company said today.

Bring will use the funds to grow mergers and acquisitions (M & A) and build a network of strategic and technical partners, the company said. Overall, this funding enhances the company’s ability to meet the growing demand for delivery and fulfillment technology during a pandemic. According to the company’s leaders, demand for Bringg’s platform has skyrocketed in the last 18 months, with new customers up 180% year-on-year. “There is no doubt that technology and innovation were needed to keep the world moving forward in incredibly difficult times,” said Guy Bloch, CEO of Bring, in a statement. “I announced a funding round.” We are honored to vote for this trust from investors and look forward to continuing to lead the Last Mile Revolution. Every day we rethink a new world of delivery and fulfillment. ”Investment led by Insight Partners And seven existing investors, Cambridge Capital, GLP, Harlap, Next 47, Pereg Ventures, Salesforce Ventures and Viola Growth, participated.

Bringg Raises $ 100 Million in Series E Financing Bringg Raises $ 100 Million in Series E Financing

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