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- Bringg
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Jun 2021 | Series E | $1B |
| Mar 2017 | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2021 | Series E | Insight Partners (lead); Viola Growth; Salesforce Ventures; N47; Shmuel Harlap; Aleph; GLP; Cambridge Capital; O.G. Venture Partners; Pereg Ventures | $100M | $1B | Bringg 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 2020 | Series D | Viola 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 2019 | Series C | N47 (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 2018 | Series B | Salesforce 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 2017 | Series B | Aleph (lead); O.G. Venture Partners (lead); Coca-Cola; Regah Ventures; Pereg Ventures | $10M | $44M | Bringg, 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 2016 | Series B | Cambridge Capital (lead); Ituran Location & Control; Coca-Cola; Pereg Ventures | $5M | - | - |
| Dec 2013 | Seed | - | $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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Mar 2017 | ||
| 5 | Lead | Mar 2017 | ||
| 4 | Participant | Jan 2018 | ||
| 4 | Participant | Sep 2016 | ||
| 3 | Participant | Sep 2016 | ||
| 3 | Lead | Jan 2019 | ||
| 3 | Lead | Sep 2016 | ||
| 2 | Lead | Apr 2020 | ||
| 2 | Participant | Sep 2016 | ||
| 2 | Participant | Jan 2018 | ||
| 2 | Participant | Apr 2020 | ||
| 1 | Participant | Mar 2017 | ||
This data is available for Pro users. Sign up to see all 14 Bringg investors. Start Free Trial | ||||
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Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | London |
| Deal Date | 9 Feb 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Bringg acquisitions and their M&A valuation multiples. Start Free Trial | |
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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | $11M | - | $250M | 22.7x | ||
| Private | $3M | - | $240M | 80.0x | ||
| Publicly listed | $729M | $305M | $6.8B | 8.1x | ||
| Publicly 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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $124M | $29M | 7.5x | - | 32.3x | - | |||
| $220M | ($17M) | 4.8x | - | (60.4x) | - | |||
| $90M | ($52M) | 8.4x | - | (14.5x) | - | |||
| $159M | $47M | 2.7x | - | 9.2x | - | |||
| $622M | $30M | 1.6x | 1.7x | 32.7x | 13.8x | |||
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
| $67M | $16M | 16.5x | 14.5x | 68.3x | 53.2x | |||
| $274M | $14M | 1.3x | 1.4x | 26.2x | 25.3x | |||
This data is available for Pro users. Sign up to see all Bringg competitors and their valuation data. Start Free Trial | ||||||||
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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