Singapore’s Locad Expands into GCC Market with $9 Million Pre-Series B Funding
Singapore-based logistics startup Locad has announced a successful $9 million pre-Series B funding round, co-led by Global Ventures and existing investor Reefknot Investments. Other notable participants in the round include Sumitomo Equity Ventures, alongside existing investors Antler Elevate, Febe Ventures, and JG Summit.
Locad’s Mission and Expansion Plans
Founded in 2020 by Constantin Robertz, Jannis Dargel, and Shrey Jain, Locad is revolutionizing e-commerce logistics with its innovative Cloud Supply Chain-as-a-Service platform. The company enables brands to streamline their omnichannel distribution while leveraging AI-driven tools for inventory optimization and delivery efficiency.
With this fresh round of funding, Locad is set to accelerate its international expansion, beginning with a strategic entry into the UAE and Saudi Arabia by the fourth quarter of 2024. This move aligns with Locad’s “Grow Global, Go Local” strategy, designed to help brands tap into emerging markets while delivering localized customer experiences.
How Locad is Transforming Logistics
Locad’s cloud supply chain platform is a comprehensive solution for brands seeking to unify their e-commerce and retail operations. By integrating smart logistics, brands can connect multiple sales channels to a single inventory pool. This system is managed via Locad’s Control Tower orchestration platform, which offers real-time visibility, AI-enhanced analytics, and workflow automation.
The platform’s unique capabilities include:
- AI-driven insights: Helping brands place inventory closer to demand, reduce delivery times, and enhance customer satisfaction.
- Localized fulfillment: Improving conversion rates and customer experiences through faster, cost-efficient deliveries.
- Omnichannel unification: Enabling brands to optimize inventory across platforms like Shopify, Shopee, Amazon, and TikTok.
Executive Insights
Constantin Robertz, CEO and Co-Founder of Locad, expressed enthusiasm about the company’s growth:
“Our mission is to enable smart digital logistics for consumer brands. Over the past four years, we’ve built a platform in APAC that empowers brands to unify their distribution and access localized fulfillment in high-growth markets. Now, we’re excited to expand globally, with a focus on the GCC and the US, to make it easier for brands to sell anywhere with a localized customer experience.”
Noor Sweid, Founder and Managing Partner of Global Ventures, emphasized Locad’s potential:
“Locad’s innovative engine is transforming supply chains by offering a decentralized and efficient solution tailored to today’s consumer demands. We’re confident in their ability to scale and succeed in dynamic markets like MENA.”
Shrey Jain, Co-Founder and CTO of Locad, highlighted the platform’s technological edge:
“By integrating AI with logistics, we empower brands to optimize their supply chains—ensuring faster deliveries and greater efficiency in today’s competitive e-commerce landscape.”
Achievements and Future Prospects
Since its Series A round in 2023, Locad has supported over 300 consumer brands across Southeast Asia and Australia, providing them with cutting-edge logistics solutions to enhance operational efficiency and customer satisfaction.
The company’s innovative approach to logistics—combining localized warehouses with AI-powered tools—has made it a preferred partner for brands looking to scale rapidly. Locad’s expansion into the GCC and the US marks a significant milestone, opening new opportunities for brands to grow and thrive in competitive markets.
With its focus on efficiency, scalability, and customer-centric solutions, Locad is well-positioned to redefine the future of logistics in the e-commerce sector.
About Locad
Locad is a leading logistics platform dedicated to empowering brands with its Cloud Supply Chain-as-a-Service. By integrating AI, real-time analytics, and localized fulfillment, Locad ensures seamless and efficient operations for global distribution.
