Delivery logistics startup Bringg based in Israel and the US has raised $25 million in a Series C funding round from the Siemens-backed VC firm Next47 and existing investors, including Salesforce Ventures, Aleph VC, OG Ventures, Cambridge Capital, Coca-Cola Ituran, and Pereg Ventures. The deal comes almost exactly a year after the company's previous $12 million funding round and a few months after it partnered with Walmart in the US.
Bringg's delivery logistics platform supposedly allows optimising the entire delivery ecosystem of an enterprise by orchestrating, managing, and measuring it. In addition to Walmart, it lists Panera Bread and Arcos Dorados (the largest global franchisee of McDonald's) among its clients.
“This new investment enables Bringg to level the playing field in the age of Amazon by enabling large retailers, grocery chains, consumer goods companies, restaurant chains and logistics firms to provide their customers with what they expect from their deliveries, based on the optimized business models required to win in today's challenging market,” said Guy Bloch, CEO at Bringg.
Bringg plans to use the funding for geographic expansion, targeting large enterprise customers; currently, it operates in more than 50 countries.