Bringg, a cloud platform provider that helps businesses scale up and optimize their logistics operations, has closed a $100 million series E investment funding round led by Insight Partners. The funding will be used to meet the increasing global customer and market demand by scaling Bringg’s platform through M&A and by growing its ecosystem of strategic and technology partners.
“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,” said Guy Bloch, CEO at Bringg, in a statement. “We are honored 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 fulfillment every day.”
Over the last year, Bringg’s platform has grown 180 percent, according to the company.
“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,” said Jeff Horing, co-founder and managing director at Insight Partners, in a statement. “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.”
Related: Grabango Raises $39 Million; Forager Raises $4 Million.
Image: Bringg