Bringg Recently Raised $100 Million in Series E Funding
Grace Mahas — June 18, 2021 — Business
References: bringg & grocerydive
Bringg, a new delivery and fulfillment platform, recently raised $100 million in Series E funding, bringing the company's valuation to $1 billion. The new funding was led by Insight Partners alongside seven previous investors and the brand plans to use the new finances to expand partnerships.
“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,” said Guy Bloch, CEO at Bringg. “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.”
Image Credit: Rohit Tandon via Unsplash
“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,” said Guy Bloch, CEO at Bringg. “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.”
Image Credit: Rohit Tandon via Unsplash
Trend Themes
1. Delivery Services Innovation - Bringg's funding and focus on reimagining the new world of delivery and fulfillment every day presents opportunities for disruptive innovations in the delivery industry.
2. Fulfillment Platform Expansion - Bringg's new funding will be used to expand partnerships, which presents opportunities for disruptive innovations in the B2B and logistics industries.
3. Last-mile Revolution - Bringg's goal of leading the last-mile revolution through technology and innovation presents opportunities for disruptive innovations in the transportation and logistics industries.
Industry Implications
1. Delivery Services - Bringg's focus on reimagining the world of delivery and fulfillment presents opportunities for disruptive innovations in the delivery services industry.
2. B2B - Bringg's plans to expand partnerships presents opportunities for disruptive innovations in the B2B industry.
3. Logistics - Bringg's funding and focus on technology and innovation presents opportunities for disruptive innovations in the logistics industry.
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