Bringg closes out a Series E funding round with $100 milllion, led by Insight Partners and additional seven other existing investors. This latest round brings the total market valuation of the tech company to $1 billion. Bringg plans to put the investment money towards scaling the platform through mergers and acquisitions, in turn increasing market demand.
Per PR Newswire:
- The delivery and fulfillment industry has undergone a complete transformation over the last 18 months due to the COVID-19 pandemic and has increased the needs and expectations of consumers globally. As a result, demand for Bringg's platform exploded with 180% year-over-year new customer growth.