Locad has secured US$9 million in a pre-Series B funding round co-led by Global Ventures and Reefknot Investments, Constantin Robertz, CEO and Co-Founder of Locad, said. Additional support came from Sumitomo Equity Ventures, Antler Elevate, Febe Ventures, and JG Summit. The funds will drive Locad’s international expansion, starting with the UAE and the Kingdom of Saudi Arabia in late 2024, under its ‘Grow Global, Go Local’ strategy. “We are on a mission to enable smart digital logistics for consumer brands. Over the past four years we have built a cloud supply chain platform in APAC that allows brands to unify their omnichannel distribution and access localised fulfilment in growth markets of SEA and AU. We are now excited to take Locad global, opening our presence in the US and entering the GCC, to make it easier for brands to sell anywhere with a fully localised customer experience, Robertz said.
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