Bringg raises $30m in Series D funding round led Viola Growth

– ISRAEL, Tel Aviv –  Bringg, the Israeli delivery logistics company, has raised a $30 million Series D round led by Viola Growth with participation from existing investors Next47, Salesforce, O.G. Tech Ventures, and GLP.

Since its founding in 2013, the company has raised a total of $83.3 million, including a $25 million Series C round in January 2019.

With Bringg’s Delivery Logistics platform, businesses can manage their entire delivery ecosystem, whether they are using in-house fleets, third-party providers, or both. Customers include enterprises and SMBs, and the new funding will help the company scale its team to meet high-demand.

Speaking to the acceleration brought on by the coronavirus protection measures around the world, CEO Guy Bloch said, “Enterprises we’ve spoken to were always aware that a big market shift was coming, but in a matter of only a few weeks that shift has fully arrived and almost everyone has been caught off guard.”

“Today with COVID-19 keeping consumers homebound, delivery is not a business differentiator but a critical logistics model, keeping businesses afloat,” added Matthew Cowan, general partner at Next47.

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