Locad, a leading provider of Cloud Supply Chain-as-a-Service solutions, has raised $9 million in its pre-Series B funding round. The investment was co-led by Global Ventures and existing backer Reefknot Investments, with participation from Sumitomo Equity Ventures, Antler Elevate, Febe Ventures, and JG Summit.
The funds will drive Locad’s international expansion, beginning with the UAE and Saudi Arabia in Q4 2024, as part of its “Grow Global, Go Local” strategy. Additionally, the company will enhance its AI-powered logistics platform, which integrates inventory management, workflow automation, and smart delivery solutions to empower consumer brands in global markets.
Transforming Supply Chain Management
Locad’s innovative cloud supply chain platform allows brands to unify their omnichannel sales across e-commerce and retail by connecting inventory to a smart logistics network. The system, managed through its Control Tower orchestration platform, provides real-time visibility, analytics, and AI-enhanced automation. By localizing warehouses and optimizing inventory allocation, Locad helps brands reduce delivery times and costs while boosting customer satisfaction.
Constantin Robertz, CEO and Co-Founder of Locad, remarked:
“We are on a mission to enable smart digital logistics for consumer brands. Over the last four years, we have built a platform in APAC that simplifies omnichannel distribution and localized fulfillment. Our expansion into the US and GCC will make it easier for brands to sell globally while delivering a fully localized customer experience.”
Strategic Investor Support
Noor Sweid, Founder and Managing Partner at Global Ventures, emphasized Locad’s pivotal role in reshaping supply chains:
“Locad’s innovative engine is transforming how brands manage their logistics, aligning with the need for decentralized, resilient supply chains to meet consumer demands. The company is poised to unlock significant opportunities in markets like MENA.”
Marc Dragon, Managing Director of Reefknot Investments, added:
“Locad’s asset-light fulfillment model and AI-driven capabilities have allowed it to scale rapidly across Southeast Asia, Australia, and China. Their global expansion underscores their commitment to creating exceptional value for brands looking to grow and enhance their customer experience.”
Enhancing Customer Experience
Shrey Jain, Co-Founder and CTO of Locad, highlighted the company’s AI-driven innovations:
“By integrating smart logistics with AI insights, we enable brands to optimize supply chains, placing inventory closer to demand, reducing delivery times, and elevating customer satisfaction.”
Jannis Dargel, Co-Founder and COO, further elaborated:
“Unifying inventory across channels leads to higher revenues and improved customer experiences through localized fulfillment and faster deliveries.”
Significant Market Momentum
Since its Series A round in 2023, Locad has expanded its presence, now supporting over 300 consumer brands in Southeast Asia and Australia. The platform integrates with leading e-commerce platforms such as Shopify, Shopee, Amazon, and TikTok, enabling seamless inventory and delivery management across diverse sales channels.
Locad’s entry into the GCC and US markets marks a milestone in its mission to connect brands with consumers worldwide through an agile and sustainable logistics network.
With this latest funding, Locad is set to redefine supply chain management for modern commerce, empowering brands to thrive in a dynamic, globalized marketplace.
