Bringg announces major Series E round, valuing it at $1 billion

Delivery and fulfilment cloud platform provider, Bringg, has closed a $100 million Series E round led by Insight Partners.

There was also 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 scale Bringg’s platform through M&A and by growing its ecosystem of strategic and technology partners.

The investment also brings the venture’s market valuation to $1 billion, making it the first and only unicorn in the last mile delivery and fulfilment cloud technology space.

Excited to share Bringg has been included by Forrester as one of the most important AI and analytics solutions for retail. Check it out below. #bringg #deliverytechnology #ai https://t.co/ZcIJkOX3F8
— Bringg (@bringg) June 9, 2021

“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,” says Guy Bloch, CEO at Bringg, which counts Walmart, Albertsons, Co-op, and Coca-Cola as customers.

“We are honoured 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 fulfilment every day.”

“It’s clear to us that Bringg is building something special and we’re excited to partner with them as they continue to introduce transformative change for retailers and logistics partners,” adds Jeff Horing, Co-Founder and Managing Director at Insight Partners.

“With Guy’s experience and leadership and a growing list of marquee customers, we’re confident that Bringg will continue to pave the way as the clear leader in the space.”