Enterprise delivery logistics platform Bringg announced it has raised a new round of funding from a handful of partners, bringing its recent haul to a cool $55 million. Following what it calls strong market traction with clients including Walmart; Panera Bread; and Arcos Dorados, McDonalds’ largest global franchisee, the new money is planned to accelerate the company’s ongoing expansion.
CEO Guy Bloch said, “this is a watershed moment for Bringg” and added that the new investment will help the company level the playing field in the age of Amazon by enabling large retailers, grocery chains, consumer goods companies, restaurant chains and logistics firms to “provide their customers with what they expect from their deliveries.”
