What is Local Logic?
Founded in 2015 and headquartered in Quebec, Canada, Local Logic provides a sophisticated data and analytics platform designed to quantify the intrinsic qualities of any given location. The company leverages its proprietary technology to offer insights crucial for real estate, urban planning, and investment decisions. By analyzing a vast array of data points, Local Logic empowers businesses to make more informed choices regarding property valuation, site selection, and market analysis, positioning itself as a key player in the geospatial analytics sector.
How much funding has Local Logic raised?
Local Logic has raised a total of $17.1M across 3 funding rounds:
Angel/Seed
$1.1M
Series A
$6.1M
Series B
$9.9M
Angel/Seed (2017): $1.2M with participation from 500 Startups Canada, Yellow Pages, and Cycle Capital Management
Series A (2020): $6.1M led by Jones Boys Ventures, Cycle Captial, Shadow Ventures, BDC Capital Corporation, GroundBreak Ventures, and Desjardins Capital
Series B (2023): $9.9M supported by Desjardins, GroundBreak Ventures, Investissement Quebec, and Cycle Capital
Key Investors in Local Logic
Cycle Capital Management
Cycle Capital is a venture capital firm focused on building innovative clean technology companies globally, managing multiple investment funds and operating an accelerator for entrepreneurs.
BDC Capital Corporation
Massachusetts Business Development Corp. provides supplemental financing and financial services, including equity investments and loans, to growing companies in Massachusetts.
GroundBreak Ventures
GroundBreak Ventures invests in entrepreneurs innovating the housing and construction sectors in Canada, providing capital and expertise to accelerate growth in early-stage opportunities.
What's next for Local Logic?
The substantial enterprise-level funding and recent strategic investment signal a strong growth trajectory for Local Logic. This capital infusion is expected to fuel further product development, enhance its data capabilities, and expand its market penetration. The company is likely to focus on solidifying its position in the real estate technology sector, potentially exploring new verticals and strategic partnerships to leverage its unique location intelligence. Continued investment in its analytics platform will be critical for maintaining its competitive edge and supporting its expansion initiatives.
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