What is LOCAD?
LOCAD operates as a sophisticated logistics engine designed to empower e-commerce brands. Its cloud-based supply chain platform facilitates seamless omnichannel business operations, enabling businesses to automatically store, pack, ship, and track orders across both B2C and B2B distribution channels. The technology synchronizes inventory across various online sales channels and orchestrates end-to-end order fulfillment through a robust network of warehouses and carriers spanning the APAC region, the United States, and the Middle East. This distributed warehousing infrastructure allows brands to position inventory closer to their customer base, thereby reducing delivery times and lowering shipping costs.
How much funding has LOCAD raised?
LOCAD has raised a total of $24.9M across 3 funding rounds:
Angel/Seed
$4.9M
Series A
$11M
Other Financing Round
$9M
Angel/Seed (2021): $4.9M with participation from Foxmont Capital Partners, FEBE Ventures, Gokongwei Family, Global Founders Capital, Hustle Fund, Antler, and Sequoia Capital
Series A (2023): $11M led by ReefKNoT Investments, FEBE Ventures, Sequoia Capital India, and Antler
Other Financing Round (2024): $9M supported by FEBE Ventures, JG Summit Holdings, Sumitomo Corporation, Global Ventures, Antler, and ReefKNoT Investments
Key Investors in LOCAD
ReefKNoT Investments
Reefknot Investments is a global venture capital fund focused on high-growth technology startups in the supply chain and logistics industry. They partner with entrepreneurs to drive innovation and streamline global commerce, supporting companies that enhance efficiency and sustainability in global trade.
FEBE Ventures
FEBE Ventures, also known as For Entrepreneurs, By Entrepreneurs, is a global seed-focused venture capital firm founded by experienced ex-founders. They provide financial investment and valuable insights, having partnered with over 200 startups across various sectors, with a focus on emerging markets.
Sequoia Capital India
Sequoia Capital India is a leading private equity and venture capital firm that invests across venture, growth, and late-stage opportunities. They take a long-term view and act as active partners to entrepreneurs, with a significant portfolio of investments in India.
What's next for LOCAD?
The recent major strategic investment in LOCAD signals a pivotal phase for the company, likely aimed at accelerating its expansion into new markets and enhancing its technological capabilities. With a foundation built on efficient, cost-effective logistics for e-commerce, LOCAD is well-positioned to capitalize on the growing demand for sophisticated supply chain management solutions. Future developments may include further integration of AI for predictive analytics in inventory management and delivery optimization, as well as strategic partnerships to broaden its global reach and service offerings. The company's ability to manage complex fulfillment across diverse geographies suggests a strong potential for continued scaling and market leadership.
See full LOCAD company page
