Bringg Valuation, Funding & Investors

Bringg is valued at $1B as of June 2021.

Last Bringg valuation

$1B

Series E · Jun 2021

Last Bringg funding round

$100M

Series E · Jun 2021

Cumulative funding Bringg raised

$185M

across 7 funding rounds

Key investors in Bringg

  • Aleph
  • O.G. Venture Partners
  • Salesforce Ventures
  • Pereg Ventures
  • N47
  • Coca-Cola

Bringg Overview

About Bringg

Bringg is a SaaS platform for last-mile delivery management, helping retailers and logistics providers plan, automate, and optimize fulfillment and delivery operations across a network of drivers and fleets. Founded in 2013 by Lior Sion and Raanan Cohen, the company is co-headquartered in Chicago and Tel Aviv, with an additional office in London. Its customers include Walmart, Albertsons, AutoZone, and Coca-Cola, which use the platform to add new fulfillment channels while controlling delivery costs.


Founded

2013

HQ

IsraelIsrael

Website

bringg.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1B (Jun 2021)

Bringg Valuation

Bringg is currently valued at $1B, based on its Series E in June 2021.

The $100M round was led by Insight Partners, with participation from Viola Growth, Salesforce Ventures, N47, Shmuel Harlap, Aleph and 4 other investors.

Bringg's valuation has grown 23x from $44M at its Series B in March 2017 to $1B in June 2021, across 2 priced rounds.

Bringg valuation by funding round

Bringg valuation by funding round
DateStageValuation
Jun 2021Series E$1B
Mar 2017Series B$44M

Bringg Funding History

Bringg has raised a total of $185M across 7 funding rounds.

Bringg's first fundraising round was a $3M seed round in December 2013. The most recent completed round was a $100M Series E in June 2021.

Bringg funding rounds

Bringg funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2021Series EInsight Partners (lead); Viola Growth; Salesforce Ventures; N47; Shmuel Harlap; Aleph; GLP; Cambridge Capital; O.G. Venture Partners; Pereg Ventures$100M$1BBringg provides a SaaS platform for last-mile delivery management, helping retailers and logistics providers optimize fulfillment and delivery operations through a data-led cloud system that connects supply chains, fleets, and customers. The platform enables automation, business logic for improved delivery capacity, and blended delivery options using a network of millions of drivers. Customers including Walmart, Albertsons, SEKO, Autozone, and Coca-Cola have seen double-digit sales growth from new fulfillment channels while cutting costs. Founded in 2013 by Lior Sion and Raanan Cohen, Bringg has offices in Chicago, Tel Aviv, and London. On June 16, 2021, Bringg raised $100 million in a Series E funding round led by Insight Partners, with participation from Aleph, Cambridge Capital, GLP Capital Partners, next47, O.G. Venture Partners, Pereg Ventures, Salesforce Ventures, Shmuel Harlap, and Viola Growth. The round valued the company at a $1 billion post-money valuation, a 4x increase from its prior $30 million Series D in 2020. This funding came amid strong pandemic-driven demand for delivery services, with Bringg reporting 180% growth in new customers over the prior year. The capital supports continued platform development, potential acquisitions, and scaling operations without pursuing an exit, as stated by CEO Guy Bloch, who aims to build a lasting company. Bringg's growth positioned it as a leader in retailer logistics transformation, backed by marquee investors like Insight Partners' Jeff Horing, who highlighted its innovative edge and customer traction.
Apr 2020Series DViola Growth (lead); Salesforce Ventures; N47; Aleph; GLP; O.G. Venture Partners; 50 South Capital$30M-Bringg is a cloud-based delivery orchestration platform that enables organizations to manage and optimize last-mile delivery and fulfillment using AI, serving customers across retail, groceries, restaurants, logistics, and more, including high-profile names like Coca-Cola, Walmart, and AutoZone. In April 2020, amid the COVID-19 outbreak, Viola Growth led a $30 million Series D funding round with participation from 50 South Capital (referred to as GLP), Aleph, Next47 (Siemens' N47), O.G. Venture Partners (OG Tech Ventures), and Salesforce Ventures, bringing total funding at that time to over $153 million. The investment was made during a period of heightened delivery demand, with groceries up 80% and restaurant deliveries up 54% in the prior 30 days, highlighting Bringg's market resilience and growth trajectory of 100% year-over-year for the previous three years. The Series D round supported Bringg's expansion as e-commerce delivery needs surged due to quarantines and lockdowns, allowing the company to roll out features like contactless delivery and BringgNOW, a free solution for SMBs. This funding followed a $25 million Series C in January 2019 backed by Salesforce Ventures, Next47, Coca-Cola, Ituran, OG Tech Ventures, Cambridge Capital, Pereg Ventures, and Aleph, and a $22 million Series B in 2018. Bringg demonstrated strong traction in 2020 with multi-year deals and vertical expansion, positioning it to capitalize on the logistics software market's transformation accelerated by the pandemic.
Jan 2019Series CN47 (lead); O.G. Venture Partners (lead); Salesforce Ventures; Ituran Location & Control; Coca-Cola; Aleph; Cambridge Capital; Pereg Ventures$25M-Bringg is a delivery logistics platform that enables retailers, restaurant chains, grocery stores, and logistics providers to optimize last-mile delivery operations, working with customers like Walmart, McDonald's, DoorDash, Albertsons, KFC, and Coca-Cola. The platform provides visibility, control, and automation for delivery processes, helping enterprises compete in the e-commerce and logistics market dominated by players like Amazon. Founded in 2013 by Lior Sion and Raanan Cohen, Bringg is co-headquartered in Chicago and Tel Aviv, with additional offices in London, and operates in 50 markets as of early 2019. On January 15, 2019, Bringg raised $25 million in a Series C funding round led by N47 (Siemens' Next47) and O.G. Venture Partners (O.G. Tech), with participation from Salesforce Ventures, Aleph VC, Cambridge Capital, Coca-Cola, Ituran, and Pereg Ventures. This brought total funding to $53 million at the time. The investment aimed to fuel international expansion beyond its existing 50 markets and enhance the platform to help large enterprises level the playing field against Amazon through optimized delivery models. Bringg's traction includes partnerships with major retailers and third-party delivery services, driving operational efficiency and sales growth for clients. Subsequent rounds included a $12M Series B in January 2018 and a $30M Series D in April 2020 led by Viola Growth, culminating in a $100M Series E in June 2021 led by Insight Partners.
Jan 2018Series BSalesforce Ventures; Shmuel Harlap; Aleph; O.G. Venture Partners$12M-Bringg is a cloud-based delivery logistics platform that helps retailers and logistics providers optimize fulfillment and last-mile delivery operations. Founded in 2013 by Lior Sion and Raanan Cohen, the company digitizes and connects supply chain systems, delivery fleets, and customer touchpoints to improve delivery capacity and reduce operational costs. On January 16, 2018, Bringg announced a $12 million Series B funding round from automotive leader Dr. Shmuel Harlap, shipping magnate Eyal Ofer, and Salesforce Ventures, adding to the $10 million Series B tranche led by Aleph VC and O.G. Tech from March 2017. By the time of this round, Bringg had expanded from a handful of enterprise clients to over 30 projects in deployment, with annual contracts typically valued in the six to seven figure range and reported revenues in the millions. Major customers included Coca-Cola, which used the platform for various logistics needs across Europe, Asia, and Latin America, and Panera Bread, which launched its nationwide delivery service on Bringg ahead of its $7.5 billion acquisition by JAB. The strategic investment positioned Bringg to enter new verticals, particularly automotive services, where Dr. Harlap's connections provided expanded market access for car-sharing, transportation, and roadside assistance applications.
Mar 2017Series BAleph (lead); O.G. Venture Partners (lead); Coca-Cola; Regah Ventures; Pereg Ventures$10M$44MBringg, founded in 2013 by Lior Sion and Raanan Cohen, is a cloud-based delivery management and fulfillment platform that helps retailers and logistics providers optimize last-mile delivery operations. The platform digitizes and connects supply chain systems, delivery fleets, and customer experiences through automation and business logic to improve delivery capacity and reduce operational costs. In March 2017, Bringg announced its Series B funding round of $10 million, which valued the company at $43.96 million post-money. The round was led by Aleph and O.G. Tech, with participation from additional investors. By the time of its later Series E round in June 2021, Bringg had grown to serve major enterprise customers including Walmart, Albertsons, SEKO, Day & Ross, Leroy Merlin, AutoZone, Boulanger, COOP, KFC, and Coca-Cola, with these customers experiencing double-digit sales growth from Bringg's platform.
Sep 2016Series BCambridge Capital (lead); Ituran Location & Control; Coca-Cola; Pereg Ventures$5M--
Dec 2013Seed-$3M--

Who has invested in Bringg?

14 investors have backed Bringg across its funding rounds, including Aleph, O.G. Venture Partners, Salesforce Ventures, Pereg Ventures, N47 and Coca-Cola.

Lead investors include Insight Partners, Viola Growth, N47, O.G. Venture Partners, Aleph and 1 other investor.


Bringg Investors

Investors in Bringg by funding rounds participated
InvestorHQRoundsRoleFirst check
AlephIsraelIsrael5LeadMar 2017
O.G. Venture PartnersGermanyMunich5LeadMar 2017
Salesforce VenturesUnited StatesSan Francisco, CA4ParticipantJan 2018
Pereg VenturesUnited StatesNew York City, NY4ParticipantSep 2016
Coca-ColaUnited StatesAtlanta, GA3ParticipantSep 2016
N47United StatesSan Francisco, CA3LeadJan 2019
Cambridge CapitalSouth AfricaCape Town3LeadSep 2016
Viola GrowthIsraelHerzliya2LeadApr 2020
Ituran Location & ControlIsraelIsrael2ParticipantSep 2016
Shmuel HarlapIsraelIsrael2ParticipantJan 2018
GLPSingaporeSingapore2ParticipantApr 2020
Regah VenturesUnited StatesNew York City, NY1ParticipantMar 2017

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Acquisitions by Bringg

Bringg has acquired 1 company to date.

Last acquisition by Bringg was on February 9th 2022. Bringg acquired Zenkraft for undisclosed valuation.


Latest Acquisitions by Bringg

Zenkraft
Description
Zenkraft is a Salesforce-native shipping app developer integrating UPS, FedEx, DHL, and USPS for CRM users. It generates labels from Opportunities and Chatter feeds, tracking 1 million parcels monthly for e-commerce firms. Zenkraft's ISV status on AppExchange includes rate shopping saving 15 percent on costs, with API hooks to ShipStation.
HQ CountryUnited Kingdom
HQ City
London
Deal Date9 Feb 2022
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Bringg Competitors

Bringg competitors include listed companies like Descartes Systems Group and GuoChuang Software, and private ones like YH Global, ElasticRun, Ripplr and Slync.io.

Public and private companies comparable to Bringg
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
YH GlobalChinaShenzhenPrivate--$1B-
ElasticRunIndiaPunePrivate--$1.5B-
RipplrIndiaBangalorePrivate$11M-$250M22.7x
Slync.ioUnited StatesDallas, TXPrivate$3M-$240M80.0x
Descartes Systems GroupCanadaCanadaPublicly listed$729M$305M$6.8B8.1x
GuoChuang SoftwareChinaChinaPublicly listed$220M($17M)$960M-

Bringg Public Comps

Bringg is still privately-owned, but its public comps include Keytop Parking, GuoChuang Software, Beijing eGova, Jiangsu Tongxingbao, JSTI, e-Hualu, Blackbuck, Guotai Epoint Sofware, Infomart and Wuxi Boton Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Keytop Parking$124M$29M7.5x-32.3x-
GuoChuang Software$220M($17M)4.8x-(60.4x)-
Beijing eGova$90M($52M)8.4x-(14.5x)-
Jiangsu Tongxingbao$159M$47M2.7x-9.2x-
JSTI$622M$30M1.6x1.7x32.7x13.8x
e-Hualu$69M($310M)24.1x-(5.4x)-
Blackbuck$67M$16M16.5x14.5x68.3x53.2x
Guotai Epoint Sofware$274M$14M1.3x1.4x26.2x25.3x

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Common questions about Bringg

When was Bringg founded?Bringg was founded in 2013.
Where is Bringg headquartered?Bringg is headquartered in Israel.
Is Bringg publicly listed?No, Bringg is a private, VC-backed company.
What is Bringg's valuation?Bringg was last valued at $1B in its Series E in June 2021.
How much funding has Bringg raised?Bringg has raised $185M across 7 funding rounds.
What was Bringg's last funding round?Bringg's last funding round was a $100M Series E in June 2021, led by Insight Partners.
Who are Bringg's investors?Bringg's investors include Aleph, O.G. Venture Partners, Salesforce Ventures, Pereg Ventures, Coca-Cola, N47, Cambridge Capital, Viola Growth, Ituran Location & Control, Shmuel Harlap and 4 others.
Which companies are comparable to Bringg?Companies comparable to Bringg include YH Global, ElasticRun, Ripplr, Slync.io, Descartes Systems Group and GuoChuang Software.
How many companies has Bringg acquired?Bringg has acquired 1 company, including Zenkraft.

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