Bringg raises $10m in funding round
Logistics platform provider Bringg has raised $10m in a funding round which was led by Aleph VC and included participation from Coca-Cola and previous investor Pereg Ventures. Bringg says its platform offers companies a flexible solution that enables them to streamline their delivery ecosystem through”real-time visibility, elastic logistics and integrated processes”.
The company’s products are used by retail, ecommerce, CPG, food and 3PL/4PL (3rd/4th-party logistics) customers in more than 50 countries. With offices in Tel Aviv, New York and Chicago, Bringg says it plans to leverage the new funding round to grow its marketing and sales presence in existing and new markets.
Raanan Cohen, Co-Founder & CEO of Bringg, commented: “Amazon raised the standards when it comes to delivery, we provide the tools that enable any company to match their logistics excellence. This milestone will help us fuel Bringg’s meteoric growth, and I look forward to working with the Aleph team to continue establishing Bringg as the de facto customer-centric logistics solution for enterprises.”
Aaron Rosenson, Partner at Aleph VC, added: “We are excited to partner with Bringg. We are strong believers in the ability of technology to disrupt the logistics world and already made two investments in that space. Bringg’s team is led by very strong and experienced entrepreneurs who see the growing trend of e-commerce and understand the desperate need for innovative logistical solutions. That is why we decided to write our largest check to date“.
