Bringg, a Tel Aviv, Israel-based delivery logistics platform for enterprises, raised $25m in Series C funding.
The round, which brought total funding to $53m, added Next47, the Siemens-backed global venture firm, to its existing list of investors including Salesforce Ventures, Aleph VC, OG Ventures (Eyal Ofer’s VC arm), Cambridge Capital, Coca-Cola, Ituran and Pereg Ventures.
The company intends to use the funds to accelerate business expansion globally from its current reach of more than 50 countries, through sales, marketing and development efforts targeted at securing additional global enterprise customers.
Led by Guy Bloch, CEO, Bringg is a SaaS delivery logistics platform, providing enterprises with a way to manage their complex delivery operations. Brands from the retail, grocery, restaurant, consumer goods, logistics, healthcare and services industries in more than 50 countries are using the platform to to orchestrate, manage, measure and track their entire delivery ecosystem, whether they are using in-house fleets, third party providers, or a combination of both.
Clients include Walmart, Panera Bread, and Arcos Dorados (McDonalds’ largest global franchisee).