- Locad raises $9M
- Tech startup expands globally
- AI powers next-generation supply chain solutions
Funding Fuels Global Logistics Expansion
Locad, a Singapore-based logistics technology firm, has secured $9 million in a Pre-Series B funding round. The investment, co-led by Global Ventures and Reefknot Investments, includes participation from Sumitomo Equity Ventures and other existing investors.
This capital injection aims to propel the company’s international growth strategy, targeting expansion into the United Arab Emirates and Saudi Arabia by the end of 2024.
Tech-Powered Supply Chain Revolution
The startup’s cloud supply chain platform currently supports over 300 consumer brands across Southeast Asia and Australia. CEO Constantin Robertz highlighted their mission to enable smart digital logistics, leveraging AI-driven insights to optimize inventory placement, reduce delivery times, enhance customer satisfaction.
The company’s innovative platform connects brands to consumers through an integrated operating system that provides real-time visibility and workflow automation.
Breaking Boundaries in Logistics Innovation
Investors are bullish on Locad’s potential. Noor Sweid from Global Ventures praised the company’s approach to transforming supply chain management, emphasizing its alignment the future of decentralized, resilient logistics networks.
The funding will specifically support Locad’s technological enhancements, international market penetration, its ambitious “Grow Global, Go Local” strategy designed to revolutionize how brands manage cross-border commerce.
