Last-Mile Software Firm Bringg Collects $100M in New Funding

Bringg, a software technology that helps retailers efficiently orchestrate last-mile delivery, curbside pickup and other e-commerce fulfillment tasks, said it has closed on a $100 million financing round that values the company at $1 billion.

Bringg, based in Chicago, said it would use the new funding to further scale its platform through acquisitions, and by growing its ecosystem of strategic and technology partners.

Insight Partners led the Series E financing round with participation from seven existing Bringg investors, including Cambridge Capital, GLP, Harlap, Next 47, Pereg Ventures, Salesforce Ventures and Viola Growth.

Sparked by increased demand for delivery solutions amid the COVID-19 pandemic, Bringg said its new customers grew by 180% over the past year. Earlier this week, the e-commerce services provider Stor.ai announced that its platform had integrated Bringg.

Bringg said its software helps retailers manage last-mile fulfillment models such as curbside pickup; delivery, including outsourced and internal fleets; and other dispatching and routing capabilities.

“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,” Guy Bloch, CEO of Bringg, said 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.”

“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 for Insight Partners. “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.”