What is Locomote?
Locomote operates at the intersection of travel technology and enterprise resource planning. The company provides a comprehensive, cloud-based ecosystem that empowers organizations to manage the entire lifecycle of business travel. From initial booking and authorization to real-time budget tracking and expense reconciliation, the platform is designed to function seamlessly across any device. By serving major institutional clients such as ANZ, Allen & Overy, and Medibank, Locomote has established itself as a leader in the travel management space, effectively replacing fragmented legacy systems with a unified, data-driven interface that enhances both compliance and user experience.
How much funding has Locomote raised?
Locomote has raised a total of $4M across 1 funding round:
Private Equity
$4M
Private Equity (2022): $4M with participation from Escala Partners
Key Investors in Locomote
Escala Partners
Escala Partners is a wealth management advisory firm based in Melbourne that provides tailored investment solutions and family office consulting for high-net-worth individuals and institutional investors.
What's next for Locomote?
With this major enterprise-level funding, Locomote is poised to accelerate its product development roadmap and expand its market footprint. The strategic allocation of this capital will likely focus on enhancing the platform's automation capabilities and deepening its integration with global financial and travel networks. As the company scales, the focus will remain on maintaining its competitive edge through technological innovation, ensuring that its enterprise clients can navigate the complexities of global business travel with increased agility and oversight. The firm is well-positioned to capture additional market share as it continues to refine its value proposition for large-scale, multinational organizations.
See full Locomote company page
