Localyze, a Hamburg, Germany-based provider of an enterprise mobility platform, raised $12M in funding.
The round, which follows Localyze’s participation in the Y Combinator Summer accelerator programme in 2019, was led by Blossom Capital with participation from previous investor Frontline Ventures and angels Andrew Robb (ex-Farfetch), Des Traynor, co-founder and CSO at Intercom, Hanno Renner, co-founder and CEO at Personio, David Clarke, former CTO at Workday and Michael Wax, CEO of Forto.
The company intends to use the funds to accelerate product development and executive recruitment across engineering, product design and marketing and to expand into new regions – starting with starting with the major hubs for international talent, in Ireland, Spain, Portugal, the Netherlands and the UK.
Founded in 2018 by Hanna Asmussen, Lisa Dahlke and Franzi Löw, Localyze provides a mobility platform to make it easier for companies to manage the process of employee relocation and internationalization and capitalize on the decentralization of the workforce. The platform streamlines the entire migration process – from support with visa applications, work and residence permits and registration to housing and banking in the destination country – for high-growth enterprises including Free Now, Trade Republic, Babbel, Thoughtworks, Tier Mobility, DeepL, Forto and Personio. Beyond employee relocation, Localyze additionally makes it easier for companies to operate across borders. It supports employers with opening new locations, business trips, temporary mobility and remote employment assessments. All while allowing HR departments to monitor each step and ensure compliance.