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Bringg Raises $100M Series E Round To Capitalize On Growing Momentum For Last-Mile Delivery And Fulfillment Technology

Jun 16, 2021•about 4 years ago

Amount Raised

$100 Million

Round Type

series e

Chicago

Description

Bringg, the leading delivery and fulfillment cloud platform provider, announced today that the company has closed a $100 million Series E investment led by Insight Partners with participation from seven existing investors, including Cambridge Capital, GLP, Harlap, Next 47, Pereg Ventures, Salesforce Ventures, and Viola Growth. The funding will be used to meet the increasing global customer and market demand by quickly scaling Bringg's platform through M&A and by growing its ecosystem of strategic and technology partners. The investment also sets Bringg's market valuation to $1 billion, making it the first and only unicorn in last-mile delivery and fulfillment cloud technology.

Company Information

Company

Bringg

Location

Chicago, Illinois, United States

About

Bringg helps enterprises scale up and optimize their logistics operations with the leading data-led delivery and fulfillment cloud platform. Using Bringg, retailers and logistics providers can rapidly enable innovative delivery and fulfillment models that maximize the customer experience, optimize logistics operations and scale business channels for growth. Some of the world's best-known brands in more than 50 countries use Bringg's platform to deliver the perfect last mile experience at peak efficiency across multiple delivery models. https://www.bringg.com

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech