Bringg Raises $100M Series E Round to Capitalize on Growing Momentum for Last-Mile Delivery and Fulfillment Technology

Led by Insight Partners, latest round brings valuation to $1B for market leading platform CHICAGO, June 16, 2021 /PRNewswire/ -- , the leading delivery and fulfillment cloud platform provider, announced today that the company has closed a $100 million Series E investment led by 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 Bringgs platform through M&A and by growing its ecosystem of strategic and technology partners. "Theres 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," said Guy Bloch, CEO at Bringg. "Its exciting to continue our journey with Bringg and be part of the passion that Guy and his team put into everything they do," said Alex Kayyal, Partner and Head of International at Salesforce Ventures. Portfolio companies receive funding, strategic advisory and operating support, and can easily join to make giving back part of their business model.