What is LOCAD?
LOCAD operates as a logistics engine designed to empower e-commerce brands to expand their omnichannel business. The platform facilitates automated storage, packing, shipping, and tracking of orders across both B2C and B2B distribution channels. By synchronizing inventory across various online sales channels and leveraging a network of warehouses and carriers in the APAC, US, and Middle East regions, LOCAD enables brands to position inventory closer to their customers. This strategic approach results in faster delivery times and reduced shipping costs, enhancing the overall customer experience and operational efficiency for e-commerce businesses.
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 Sequoia Capital, Global Founders Capital, Hustle Fund, Antler, Foxmont Capital Partners, FEBE Ventures, and Gokongwei Family
Series A (2023): $11M led by ReefKNoT Investments, Sequoia Capital India, FEBE Ventures, and Antler
Other Financing Round (2024): $9M supported by Sumitomo Corporation, Antler, Global Ventures, FEBE Ventures, ReefKNoT Investments, and JG Summit Holdings
Key Investors in LOCAD
Sumitomo Corporation
Sumitomo Corporation is a leading global trading and business investment company with a broad range of business areas, including metal products, transportation systems, infrastructure, and digital media. Their investment in LOCAD suggests a strategic interest in the logistics and supply chain technology sector.
Sequoia Capital India
Sequoia Capital India is a prominent venture capital firm that invests across various stages of company growth in India. Known for its long-term partnerships with entrepreneurs, Sequoia Capital India's involvement highlights LOCAD's potential for significant scaling and market leadership.
FEBE Ventures
FEBE Ventures, also known as For Entrepreneurs, By Entrepreneurs, is a global seed-focused venture capital firm that supports startups with financial investment and operational insights. Their participation indicates a belief in LOCAD's entrepreneurial team and its innovative approach to logistics.
What's next for LOCAD?
The substantial enterprise-level funding and recent strategic investment signal a pivotal phase for LOCAD. This capital infusion is expected to fuel further technological development, expansion into new geographic markets, and enhancement of its logistics network. The company is poised to solidify its position as a key player in the global e-commerce logistics landscape, offering scalable and cost-effective supply chain solutions to a growing roster of brands. Continued investment in its cloud-based platform and fulfillment infrastructure will be critical for maintaining its competitive edge and supporting the increasing demands of digital commerce.
See full LOCAD company page
