Bringg

Company Overview

Snapshot

Founded in November 2013 by Lior Sion and Raanan Cohen, Bringg operates with 201–500 employees. The company has raised a total of $184.5M across 6 funding rounds from 15 investors, with Insight Partners leading a June 2021 round. A key development includes Bringg's acquisition of parcel delivery solution Zenkraft in February 2022 to expand its delivery offerings.

Business overview

Bringg provides a delivery logistics solution that enables enterprises to efficiently manage complex last-mile operations. Its technology offers real-time logistics capabilities for the delivery ecosystem, serving companies across retail, grocery, restaurant, consumer goods, logistics, healthcare, and service industries. Bringg's platform aims to streamline logistical operations for efficiency, create optimal customer delivery experiences, and establish cost-effective operations. The company also focuses on reducing carbon emissions in last-mile delivery through its BringgGreen platform, offering features like smart route optimization and green fleet assignment.

Strategic signal

In February 2022, Bringg acquired Zenkraft, a parcel delivery solution. This strategic acquisition is significant as it allows Bringg to meet increasing customer demands for diverse delivery options, enhancing its platform's capabilities and market reach within the enterprise logistics sector. For investors, this signals Bringg's commitment to expanding its service offerings and strengthening its competitive position in the evolving last-mile delivery landscape.

Company Intelligence Q&A

What was a significant acquisition made by Bringg?

In February 2022, Bringg acquired Zenkraft, a parcel delivery solution, to expand its delivery offerings and meet growing customer demands.

When did Bringg secure its E Round funding?

Bringg secured its E Round funding in June 2021, with Insight Partners as a lead investor.

What was a key partnership announced by Bringg in October 2021?

In October 2021, Bringg partnered with Raymour & Flanigan to transform last-mile logistics, resulting in a 40% increase in delivery volume and a 56% reduction in late deliveries.

What recognition did Bringg receive in October 2020?

In October 2020, Bringg was recognized as a "Cool Vendor in Food Retail: Catering to New Customer Lifestyles" by the Gartner Research Group.

What was a notable partnership for Bringg in December 2021?

In December 2021, Bringg partnered with Blue Yonder to offer retailers a seamless experience from order through to delivery across the supply chain.