Bringg Raises Additional $10 Million as Enterprise Demand Grows for its Leading Customer-Centric Logistics Platform
Led by the Aleph VC fund, this round will enable Bringg to quickly expand its reach across the US, Europe, Asia, and LATAM
Tel Aviv/Chicago, 14th of March 2017 – Bringg, the leading customer-centric logistics platform for enterprises, has raised a $10 million funding round led by Aleph VC and joined by Coca-Cola and previous investor Pereg Ventures. This follows earlier investments from Ituran and Cambridge Capital.
Bringg’s products are used by retail, ecommerce, CPG, food and 3PL/4PL (third/fourth-party logistics providers) customers in more than 50 countries, including some of the world’s leading brands. With offices in Tel Aviv, New York and Chicago, the company plans to leverage the new funding round to grow its marketing and sales presence in existing and new markets across the globe, while expanding its R&D, success and support teams.
Every company that delivers goods and services is facing a set of serious logistical challenges these days. On the one hand, customer expectations are higher than ever in terms of speed and convenience, which means they must restructure their last-mile models in order to create the seamless experience their customers expect. On the other hand, to preserve their cost structure they must establish a leaner supply chain that is elastic enough to accommodate a variety of delivery models and providers, in order to cost-effectively and rapidly scale their fleet across in-house resources, outsourced drivers and third-party providers.
The Bringg platform offers companies a powerful yet flexible solution that enables them to streamline their entire delivery ecosystem – from the headquarters to the field and all the way to the customer. Bringg’s solution solves their dual challenge – how to create the optimal customer experience on the front end while ramping up operational efficiencies on the backend through real-time visibility, elastic logistics and integrated processes.
Raanan Cohen, Co-Founder & CEO of Bringg said: “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“.
Bringg is the leading customer-centric logistics platform for enterprises. With offices in NYC, Chicago and Tel Aviv, the company has customers in more than 50 countries including some of the world’s best-known brands. Bringg’s solution enables companies to quickly streamline the way they deliver goods and services, creating both operational efficiencies and optimal experiences for their entire ecosystem – from the headquarters to the field and all the way to the customer. The open Bringg platform is highly scalable and provides a robust set of APIs and SDKs that can be used to easily customize the solution to fit our customers’ needs and to integrate it across their existing systems. For more information and to request a demo, please visit our website at www.bringg.com.