Bringg receives $25 million in financing to support growth
Siemens-backed global venture firm Next47 is newest investor in delivery logistics platform.
Delivery logistics platform Bringg has raised $25 million in a new round of funding, bringing its investment total to $53 million, the company said today.
The funding adds Next47, the Siemens-backed global venture firm, to Bringg's existing list of investors, which includes Salesforce Ventures, Aleph VC, OG Tech Ventures, Cambridge Capital, Coca-Cola, Ituran and Pereg Ventures, the company said. Bringg said it will use the funding to continue its global expansion plans.
Bringg's Delivery Logistics solution gives companies a platform to orchestrate, manage, measure and track their entire delivery ecosystem, whether they use in-house fleets, third-party providers, or a combination of both. The company's growth has been fueled by booming demand for faster, more convenient and fully transparent delivery services, the company said.
Bringg's client list includes Walmart, Panera Bread and Arcos Dorados, McDonald's Corp.'s largest global franchisee.
"We are on a mission to equip enterprises with the technology platform they need to orchestrate successful delivery operations—providing their management and logistics teams with the visibility and control they need to not only survive but thrive in this exciting new landscape," Bringg's CEO Guy Bloch said in a statement announcing the investment.
Bringg is based in Tel Aviv, Israel, and has offices in Chicago, London, Toronto, and Austin, Texas.
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