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.
  • ::COVID-19 COVERAGE::
  • 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
    • 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
    • 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

    Maven Machines Raises $7 Million In Series A Funding

    Project44 raises $420 million in new funding for supply chain visibility tools

    $40 million Series B Funding Round Helps Dray Alliance to Transform Port Technology in US

Recent Articles by Supply Chain Quarterly Staff

Truck tonnage index fell 2% in April

Report: Collaboration can help minimize supply disruption

APM Terminals to add capacity at Port of Mobile

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

Report Abusive Comment

Most Popular Articles

  • Logistics pros warn of business impact from Russia-Ukraine war

  • Container prices continue to drop

  • How to resolve your inventory dilemma

  • Warehouse vacancy rates sink to 27-year low

  • Empty shipping containers stack up at U.S. port depots

Featured Video

Cccb7d13 710a 4473 8132 da8b6cc286f1

The Sportsman's Guide Case study: Increasing Accuracy & Productivity

Viewer Contributed
Thanks to the Lucas Warehouse Optimization Suite, The Sportsman's Guide has increased productivity, reduced training time, and experienced a boost in accuracy for both full-time staff and seasonal employees. Want to learn how Lucas can help your DC be more efficient, accurate, and safe while reducing labor costs?...

FEATURED WHITE PAPERS

  • Omnitracs One – Last Mile Solutions

  • The enterprise shipper's guide to building a smarter truckload RFP

  • Fixed vs. Flexible Automation: Which Option is Better for 3PLs?

  • Enhancing Relationships in Logistics through Data & Collaboration

View More

Subscribe to Supply Chain Quarterly

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

Copyright ©2022. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing