Tech Company Financing Transactions
Locad Funding Round
On 11/20/2024, Locad raised $9 million in Seed funding from Global Ventures, Reefknot Investments and Antler.
Transaction Overview
Company Name
Announced On
11/20/2024
Transaction Type
Venture Equity
Amount
$9,000,000
Round
Seed
Investors
Global Ventures (Lead Investor) (Noor Sweid)
Reefknot Investments (Lead Investor) (Marc Dragon)
Proceeds Purpose
The new funding will accelerate Locad's international expansion, starting with UAE and Saudi Arabia in Q4 2024 as part of its 'Grow Global, Go Local' strategy for brands; and will also be used to enhance Locad's AI-driven smart logistics capabilities.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
8 Eu Tong Sen Street, 16-82, The Central
Singapore, 059818
SG
Singapore, 059818
SG
Phone
Undisclosed
Website
Email Address
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Constantin Robertz
Chief Operating Officer
Jannis Dargel
Chief Technical Officer
Shrey Jain
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