Logistics technology company Bringg has cleared a path for itself to scale both domestically and abroad. This week, the company secured a $25 million Series C that brings its total amount raised to $53 million.
Existing investors in Bringg include Salesforce Ventures, Aleph VC, OG Tech Ventures, Cambridge Capital, Coca-Cola, Ituran and Pereg Ventures. Next47 joined this round as a new investor.
“This is a watershed moment for Bringg as it goes into hypergrowth mode,” said Guy Bloch, CEO, in a press release. “This new investment enables Bringg to level the playing field in the age of Amazon.”
Bringg provides companies with SaaS solutions to assist their delivery and logistics operations worldwide. It’s currently operating in over 50 countries but plans to service an increased number of enterprise clients by expanding its international markets sales, marketing and development efforts.
This is a watershed moment for Bringg as it goes into hypergrowth mode.”
Founded in Tel Aviv, Israel Bringg has a 16-person office in Chicago that it plans to grow to 43 by the end of the year, filling sales, account management and customer success roles.