Locad Funding Round

1/16/2023

Venture Equity

$11,000,000

Series A

Its new funding will be used to add more warehouses and transport operators to Locad's network and on hiring in Southeast Asia and Australia, with the goal of building the region's largest network of warehouses over the next five years.

Private & Independent

ECommerce

8 Eu Tong Sen Street, 16-82, The Central
Singapore, 059818
SG

Undisclosed

Locad is the logistics engine enabling e-commerce brands with a cloud supply chain to grow their omnichannel business and automatically store, pack, ship, and track orders across Asia-Pacific. Locad's tech platform syncs inventory across online channels and organizes end-to-end order fulfillment through their reliable network of warehouses and carriers across Singapore, the Philippines, Thailand, Hong Kong, and Australia, with more locations opening soon. Through this, brands and merchants get a geographically distributed warehousing infrastructure that allows them to stock goods closer to customers, enabling faster delivery at lower cost.