Locad, a Singapore-based provider of a logistics engine platform, raised $11M in Series A funding.
The round was led by Reefknot Investments with participation from returning investors Sequoia India and Southeast Asia’s Surge, Febe Ventures, Antler, as well as new investors Access Ventures, JG Summit, and WTI.
The company intends to use the funds for network expansion, product development, and hiring talent across Asia-Pacific.
Led by CEO Constantin Robertz, Locad is the logistics engine enabling e-commerce brands with a cloud supply chain to grow their omnichannel business and automatically store, pack, ship, and track orders across Asia-Pacific. Its tech platform syncs inventory across online channels and organizes end-to-end order fulfillment through their reliable network of warehouses and carriers across Singapore, the Philippines, Thailand, Hong Kong, and Australia, with more locations opening soon.
To date, Locad has served over 200 brands across Singapore, the Philippines, Thailand, Hong Kong, and Australia, and shipped more than 2 million orders.
FinSMEs
26/01/2023