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's technology serves a critical role in various industries by offering deep insights into geographical data, enabling more informed decision-making for businesses operating within or investing in real estate, urban planning, and beyond. The recent major strategic investment signals a strong market validation for Local Logic's innovative approach to location intelligence.
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 Yellow Pages, Cycle Capital Management, and 500 Startups Canada
Series A (2020): $6.1M led by Shadow Ventures, Jones Boys Ventures, BDC Capital Corporation, Cycle Captial, GroundBreak Ventures, and Desjardins Capital
Series B (2023): $9.9M supported by Desjardins, Investissement Quebec, GroundBreak Ventures, and Cycle Capital
Key Investors in Local Logic
Desjardins
Desjardins is a Canadian cooperative and one of North America's largest credit union federations, known for its strong financial standing and commitment to economic development.
Investissement Quebec
Investissement Quebec is a provincial Crown corporation dedicated to fostering investment and economic growth within Quebec, offering a comprehensive suite of financial solutions to businesses.
GroundBreak Ventures
GroundBreak Ventures is an investment firm focused on innovating the housing and construction sectors, supporting early-stage companies that enhance the built environment with capital and expertise.
What's next for Local Logic?
The substantial enterprise-level funding, particularly the recent major strategic investment, positions Local Logic for accelerated growth and market expansion. This capital will likely be deployed to enhance its data capabilities, broaden its service offerings, and strengthen its market presence. The company's trajectory suggests a focus on scaling its operations and solidifying its position as a leader in the location analytics sector, potentially exploring new verticals or deepening its existing client relationships through advanced data solutions.
See full Local Logic company page
