Bringg, a Chicago, IL-based delivery and fulfillment cloud platform provider, closed a $100m Series E funding round.
The round, which sets Bringg’s market valuation to $1 billion, was led by Insight Partners with participation from Cambridge Capital, GLP, Harlap, Next 47, Pereg Ventures, Salesforce Ventures, and Viola Growth.
The company intends to use the funds to scale the platform through M&A and grow its ecosystem of strategic and technology partners.
Led by Guy Bloch, CEO, Bringg provides enterprises with a cloud data-led platform to scale up and optimize their logistics operations. Using Bringg, retailers and logistics providers can enable innovative delivery and fulfillment models to maximize the customer experience, optimize logistics operations and scale business channels for growth. Some of the world’s best-known brands in more than 50 countries use the platform.