Israel-based Bringg, a customer-centric logistics platform for enterprises, has raised a $10 million funding round led by Aleph VC, along with Coca-Cola and previous investor Pereg Ventures. This follows earlier investments from Ituran and Cambridge Capital.
Bringg's solution enables companies to quickly streamline the way they deliver goods and services. It's products are used by retail, ecommerce, CPG, food and 3PL/4PL (third/fourth-party logistics providers) customers in more than 50 countries, including some of the world's leading brands. The company plans to use the new funding round to grow its marketing and sales presence in existing and new markets across the globe, while expanding its R&D, success and support teams.
"Amazon raised the standards when it comes to delivery, we provide the tools that enable any company to match their logistics excellence," said Raanan Cohen, Co-Founder & CEO, in a statement. "This milestone will help us fuel Bringg's meteoric growth, and I look forward to working with the Aleph team to continue establishing Bringg as the de facto customer-centric logistics solution for enterprises."
"We are excited to partner with Bringg," added Aaron Rosenson, Partner at Aleph VC. "We are strong believers in the ability of technology to disrupt the logistics world and already made two investments in that space. Bringg's team is led by very strong and experienced entrepreneurs who see the growing trend of e-commerce and understand the desperate need for innovative logistical solutions. That is why we decided to write our largest check to date".
Read more: PR Newswire