We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Bringg raises $100 million in Series E funding

Bringg raises $100 million in Series E funding

Led by Insight Partners, the latest round brings the delivery and fulfillment platform provider’s valuation to $1 billion.

pr_-Unicorn_Website_854x476-2.jpg
June 16, 2021
Supply Chain Quarterly Staff
No Comments
Delivery and fulfillment cloud platform provider Bringg has closed a $100 million Series E investment, bringing the company’s market valuation to $1 billion, the company said today.

Bringg will use the funding for merger and acquisition (M&A) growth and to build its network of strategic and technology partners, the company said. Overall, the funding will boost the company’s ability to meet growing demand for delivery and fulfillment technology, which has accelerated during the pandemic. Company leaders said demand for Bringg’s platform has soared in the last 18 months, with 180% year-over-year new customer growth.

“There’s no question that technology and innovation were necessary to help keep the world moving forward during an incredibly challenging time, and we are proud to have stepped up to the plate and continue to deliver,” Guy Bloch, Bringg’s CEO, said in a statement announcing the funding round. “We are honored by this vote of confidence from our investors and we’re looking forward to continuing to lead the last-mile revolution—reimagining the new world of delivery and fulfillment every day.”

The investment was led by Insight Partners with participation from seven existing investors: Cambridge Capital, GLP, Harlap, Next 47, Pereg Ventures, Salesforce Ventures, and Viola Growth.
Logistics Technology
KEYWORDS Bringg
    • Related Articles

      ORO Raises $25 Million in Series A Funding to Reimagine Procurement

      Maven Machines Raises $7 Million In Series A Funding

      Geek+ plans increased R&D in warehouse robots following $100 million funding

    Recent Articles by Supply Chain Quarterly Staff

    Nearshoring trend sparks demand for logistics real estate in Mexico

    Airfreight rates in May skidded to their lowest level since March 2020

    FMCSA’s Truck Leasing Task Force to hold first meeting in July

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Report: Sagging freight stats show that trucking sector is returning to its historic mean

    • Survey: parcel delivery drivers are frustrated by using their own smartphones for work

    • Heavy transport across two continents

    • Survey: most Americans unaware that truckers face shortage of parking spaces

    • Supply chain executives not yet seeing expected results from technology investments

    Featured Video

    Household goods customs broker thumb

    Household Goods Customs Broker

    Viewer Contributed
    Household Goods Customs Broker :Gallagher Transport International is a highly experienced customs broker specializing in household goods, providing efficient and cost-effective customs clearance services while ensuring compliance with all necessary regulations. Our Services Include: Importing & Exporting...

    FEATURED WHITE PAPERS

    • Three layers of forklift safety: Promoting operating best practices

    • The Complete Guide to Automated Packaging

    • Five tips for parcel success in 2023

    • Guide to Pallet Rack Safety

    View More

    Subscribe to Supply Chain Quarterly

    Get Your Subscription
    • SUBSCRIBE
    • E-NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing