# Locad

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/locad

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.golocad.com
- Total disclosed funding: $21M
- Latest round: Series A (Mar 20, 2023)
- Investors on record: 15

## About

Locad, based in Singapore, specializes in logistics solutions for e-commerce brands, offering fulfillment services across various marketplaces to streamline order processing and delivery.Founded in 2020 in Singapore, Locad operates as a logistics provider catering specifically to e-commerce needs. The company has successfully completed 5 deals, with its most recent funding round occurring on November 20, 2024, where it raised USD 9 mn in PRE-SERIES B funding. This round was co-led by Global Ventures and Reefknot Investments, with participation from other investors including Antler, FEBE Ventures, and JG Digital Equity Ventures. The founders include Constantin Robertz, who serves as CEO, along with Daniel Lim, Jannis Dargel, Rafael Abano, and Shrey Jain.Locad provides a comprehensive logistics solution tailored for e-commerce brands, focusing on distributed fulfillment across multiple marketplaces. Their core offerings include a plug-and-play fulfillment platform that integrates seamlessly with various online storefronts, allowing merchants to manage inventory, process orders, and ship products efficiently. This service enhances customer experience by ensuring timely deliveries and operational efficiency. Their clients range from small to medium-sized enterprises (SMEs) to larger brands operating in diverse markets, including Southeast Asia, Australia, and the United States. Locad’s technology enables businesses to cater to end-users by providing services like same-day shipping and cross-border logistics, addressing the demand for fast and reliable fulfillment in the e-commerce landscape.Locad's revenue for the most recent year, 2022, reached USD 3,210,555.70, while the company's EBITDA for the same year was USD -4,526,915.50. Revenue is generated through a transaction model that includes fulfillment services, warehousing, and shipping solutions tailored to the needs of e-commerce businesses. Their flexible pricing structure accommodates various client needs, often utilizing a pay-per-use model that allows clients to pay only for the services they utilize. The company engages in partnerships with retailers and wholesalers, facilitating B2B transactions while maintaining direct-to-consumer capabilities, thus enhancing operational efficiencies in the logistics space.Locad plans to leverage its recent funding of USD 9 mn raised in November 2024 to expand into the UAE and Saudi Arabia by the fourth quarter of 2024. This expansion will be supported by improvements in its artificial intelligence-driven smart logistics capabilities, enabling better service delivery and efficiency in new markets. The company is also designing new products to further enhance its logistics offerings, aiming to meet the evolving needs of its clientele.

## Funding rounds

- Series A, Mar 20, 2023, $10M — Hong Shan, Rocket Internet, WTI, Access Ventures, Antler, Foxmont Capital Partners, JG Digital Equity Ventures, Reefknot Investments, FEBE Ventures, Surge, Kaya Founders
- Series A, Aug 8, 2022, $7.9M — Rocket Internet, Global Founders Capital, Antler, Foxmont Capital Partners, Reefknot Investments, FEBE Ventures, Surge
- Seed, Jul 27, 2021, $3M — Asia Venture Group, Hustle Fund, Antler, Foxmont Capital Partners, FEBE Ventures, Surge, WEFA Singen GmbH

## Investors

- Asia Venture Group — Seed
- Hustle Fund (https://capitalatlas.ai/funds/hustle-fund) — Seed
- Antler (https://capitalatlas.ai/funds/antler) — Seed, Series A
- Foxmont Capital Partners (https://capitalatlas.ai/funds/foxmont-capital-partners) — Seed, Series A
- FEBE Ventures (https://capitalatlas.ai/funds/febe-ventures) — Seed, Series A
- Surge (https://capitalatlas.ai/funds/surge) — Seed, Series A
- WEFA Singen GmbH — Seed
- Rocket Internet — Series A
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Series A
- Reefknot Investments (https://capitalatlas.ai/funds/reefknot-investments) — Series A
- Hong Shan — Series A
- WTI — Series A
- Access Ventures — Series A
- JG Digital Equity Ventures (https://capitalatlas.ai/funds/jg-digital-equity-ventures) — Series A
- Kaya Founders (https://capitalatlas.ai/funds/kaya-founders) — Series A