# Bringg Delivery Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bringg-delivery-technologies

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.bringg.com
- Total disclosed funding: $177M
- Latest round: Series E (Jun 16, 2021)
- Investors on record: 12

## About

Based in Israel, Bringg Delivery Technologies specializes in optimizing last-mile logistics through innovative delivery management solutions, enhancing operational efficiency for businesses across various sectors.Bringg Delivery Technologies Ltd. was founded in 2013 and is headquartered in Tel Aviv-Yafo, Israel. The company provides a suite of delivery management solutions that cater to various sectors. It has successfully raised a total amount of USD 100.00 mn in Series E funding led by Insight Partners on June 16, 2021, with contributions from multiple investors including Cambridge Capital and Salesforce Ventures. Founder Raanan Cohen has a history in technology entrepreneurship, although information on previous companies is not specified.Bringg offers a robust suite of delivery management solutions designed to optimize last-mile logistics for businesses across various sectors, including grocery, furniture, and appliances. Its core products, Delivery Hub and ROAD, streamline operations by enhancing multi-carrier management and fleet operations respectively. Delivery Hub serves as a comprehensive platform that allows businesses to manage diverse shipping options while improving operational efficiency and customer satisfaction. ROAD focuses on digitizing fleet management, enabling companies to track drivers and vehicles effectively, thus facilitating seamless scaling as their operations grow. Bringg's solutions cater to over 800 customers who collectively manage more than 200 million orders annually, operating predominantly in North America, Europe, and Asia-Pacific.Bringg's revenue model is centered around subscription-based services that cater to B2B transactions, primarily targeting retailers and logistics companies. Clients engage with Bringg through annual contracts for its flagship products, Delivery Hub and ROAD, which are priced based on the scale of operations and specific service requirements. These contracts include access to customer support, software updates, and tailored features for logistics needs, allowing for tiered pricing plans that reflect the diverse functionalities included.In June 2021, Bringg raised USD 100 million in Series E funding to scale its platform through mergers and acquisitions and to expand its ecosystem of strategic and technology partners. The company plans to launch new products aimed at enhancing delivery management solutions and intends to expand into emerging markets in Asia and Europe by 2024 to address the growing demand for efficient logistics solutions.

## Funding rounds

- Series E, Jun 16, 2021, $100M — N47, Insight Partners, Viola Group, Pereg Ventures, GLP Pte. Ltd., Salesforce Ventures, Cambridge Capital
- Series D, Apr 7, 2020, $30M — N47, Viola Group, GLP Capital Partners, Salesforce Ventures, O.G. Venture Partners
- Series C, Jan 15, 2019, $25M — N47, Pereg Ventures, Aleph, The Coca-Cola Company, Salesforce Ventures, ITURAN, Cambridge Capital, O.G. Venture Partners
- Series B, Jan 16, 2018, $12M — Pereg Ventures, Aleph, The Coca-Cola Company, Salesforce Ventures, ITURAN, Cambridge Capital
- Series B, Mar 14, 2017, $10M — Pereg Ventures, Aleph, The Coca-Cola Company

## Investors

- Pereg Ventures (https://capitalatlas.ai/funds/pereg-ventures) — Series B, Series C, Series E
- Aleph (https://capitalatlas.ai/funds/aleph) — Series B, Series C
- The Coca-Cola Company — Series B, Series C
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series B, Series C, Series D, Series E
- ITURAN — Series B, Series C
- Cambridge Capital (https://capitalatlas.ai/funds/cambridge-capital) — Series B, Series C, Series E
- N47 (https://capitalatlas.ai/funds/n47) — Series C, Series D, Series E
- O.G. Venture Partners (https://capitalatlas.ai/funds/o-g-venture-partners) — Series C, Series D
- Viola Group (https://capitalatlas.ai/funds/viola-group) — Series D, Series E
- GLP Capital Partners (https://capitalatlas.ai/funds/glp-capital-partners) — Series D
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series E
- GLP Pte. Ltd. — Series E