Bringg Raises $30 Million As COVID-19 Expands Delivery Volumes
Bringg, a delivery orchestration platform, has raised $30 million in a series D funding round led by Viola Growth. The new investment brings Bringg’s funding total to $83.3 million, which will help the solution provider accelerate its delivery momentum and expand its offerings to both large enterprises and SMBs.
Bringg offers a delivery logistics program that can help
retailers manage, measure and track their entire delivery ecosystem, including
both in-house and third-party providers. The company has seen a 24%
week-over-week increase in delivery volumes across the verticals it serves due
to the COVID-19 outbreak.
“Enterprises we’ve spoken to were always aware that a big
market shift was coming, but in a matter of only a few weeks that shift has
fully arrived and almost everyone has been caught off guard,” said Guy Bloch,
CEO of Bringg in a statement. “This latest round is a vote of confidence from
some of the leading investors in our industry and an affirmation that the
market needs us now more than ever.”