LOCAD, a leading digital logistics platform, has successfully raised $9 million in a pre-Series B funding round, co-led by Global Ventures and Reefknot Investments. Additional support came from Sumitomo Equity Ventures, Antler Elevate, Febe Ventures, and JG Summit, marking a significant step in LOCAD’s growth journey.
LOCAD operates as a Cloud Supply Chain-as-a-Service provider, empowering consumer brands with an integrated system that connects Ecommerce and retail sales channels to a unified inventory and logistics network. The platform’s Control Tower delivers real-time visibility, AI-driven analytics, and workflow automation, streamlining omnichannel distribution and open commerce for brands globally.
With the fresh funding, LOCAD plans to expand into international markets, starting with the UAE and Saudi Arabia in late 2024 as part of its ‘Grow Global, Go Local’ strategy. It also aims to enhance its AI-powered logistics capabilities, further enabling agile and sustainable supply chain solutions.
“We are on a mission to enable smart digital logistics for consumer brands. Over the last four years, we’ve unified omnichannel distribution across SEA and AU, offering localized fulfillment in growth markets,” said Constantin Robertz, CEO and Co-Founder of LOCAD.
The funding aligns with investor confidence in LOCAD’s asset-light model and AI-driven innovations. “LOCAD is well-positioned to capitalize on opportunities in dynamic markets like MENA,” noted Noor Sweid of Global Ventures. Marc Dragon of Reefknot Investments praised LOCAD’s consistent execution and ability to scale across regions while advancing its AI capabilities.
This funding reinforces LOCAD’s commitment to redefining logistics for modern commerce, connecting brands and consumers across global markets with a seamless supply chain infrastructure.
