Locad, a digital logistics platform offering Cloud Supply Chain-As-a-Service, raised $9 million in a Pre Series B funding round to accelerate its international expansion and enhance its AI-driven logistics solutions. The round was co-led by Global Ventures and Reefknot Investments, with participation from Sumitomo Equity Ventures, Antler Elevate, Febe Ventures, and JG Summit.
Locad’s cloud supply chain platform empowers consumer brands with an integrated operating system and logistics infrastructure that connects e-commerce and retail sales channels to a unified inventory pool. Through its AI-enhanced Control Tower, the platform provides real-time visibility, analytics, and workflow automation to optimize logistics operations.
“Our mission is to enable smart digital logistics for consumer brands,” said Constantin Robertz, CEO and Co-Founder of Locad. “We’ve built a robust cloud supply chain platform in APAC over the last four years, helping brands unify their omnichannel distribution and access localized fulfillment in Southeast Asia and Australia. Now, we’re excited to expand globally, opening our presence in the US and GCC to provide brands with localized, customer-focused logistics solutions.”
Since its Series A round in 2023, Locad has expanded its market reach, now supporting over 300 consumer brands across Southeast Asia, Australia, and China. Its logistics engine integrates seamlessly with leading e-commerce platforms like Shopify, Shopee, Amazon, and TikTok, enabling brands to optimize their inventory and streamline delivery across multiple channels.
The expansion into the GCC and US will provide brands with localized fulfillment solutions, reducing delivery times and costs while enhancing customer satisfaction.
“Locad's localized, efficient approach positions it as a leader in the future of agile and sustainable logistics, particularly in fast-evolving markets like MENA,” said Noor Sweid, Founder and Managing Partner of Global Ventures. "We’re thrilled to co-lead this round as the company continues its global expansion and creates exceptional value for brands entering new markets," added Marc Dragon, Managing Director of Reefknot Investments.
“With AI-driven insights, we empower brands to optimize their supply chains, reduce delivery times, and enhance customer satisfaction,” said Shrey Jain, Co-Founder and CTO. “This funding enables us to build a more robust, tech-enabled logistics ecosystem.”
The funding will support Locad's entry into the UAE and Saudi Arabian markets by Q4 2024, as part of its "Grow Global, Go Local" strategy. The startup will also enhance its AI-powered logistics capabilities to offer smarter inventory and delivery management for consumer brands across its growing global network.
