# Local Logic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/local-logic

- Industry: Software
- Headquarters: Montreal, Canada
- Website: www.locallogic.co
- Total disclosed funding: $14M
- Latest round: Series B (Aug 2, 2023)
- Investors on record: 12

## About

Based in Montreal, Quebec, Entreprise Nexmoov Inc. specializes in location intelligence solutions designed for the real estate sector, providing APIs that enhance the decision-making process for various stakeholders.Founded in 2015 in Montreal, Canada, Entreprise Nexmoov Inc. offers location intelligence tailored for the real estate market. The company has conducted a total of 7 deals, with its most recent funding round on August 2, 2023, raising CAD 17.5 million in a Series B round led by Band Capital Partners, Cycle Capital Management, Desjardins Capital, GroundBreak Ventures, Investment Quebec, Jones Boys Ventures, Second Century Ventures, Shadow Ventures, and Triovest. The company is co-founded by Alexandre Pagé, Colin Stewart, Gabriel Damant-Sirois, Izzaty Iwani, and Vincent-Charles Hodder, who also serves as CEO.Local Logic provides advanced location intelligence solutions tailored specifically for the real estate sector. Their core offerings include a robust set of APIs and data products that empower real estate stakeholders—such as brokerages, agents, homebuilders, and urban planners—to enhance their services with granular insights into neighborhood characteristics. The products enable users to identify properties aligned with consumer lifestyle preferences, bolster the visibility and engagement of property listings, and support strategic urban planning decisions. As of the current market, Local Logic serves clients across North America, specifically in the United States and Canada, providing detailed demographic data, localized maps, and comprehensive neighborhood profiles. Their solutions are designed to address critical use cases, including property search optimization, investment viability analysis, and enhanced consumer engagement through intuitive insights.Local Logic operates within a structured revenue model that primarily focuses on B2B partnerships with real estate companies and agencies. Revenue is generated through subscriptions to their various data services and APIs, which allow clients to integrate actionable location intelligence into their platforms. The company's flagship offerings, such as NeighborhoodIntel and Local Content, are often part of comprehensive subscription packages tailored to the specific needs of clients, ensuring they have access to the latest demographic insights and community information. The pricing structure is designed to accommodate different tiers of service, reflecting the unique requirements of each client, from small real estate agencies to large brokerages, facilitating a diverse range of transactions that enhance their operational capabilities and market presence.In August 2023, Local Logic raised CAD 17.5 million in Series B funding, which will be utilized to expand its market and promote its property technology platform. The company is focused on developing new products to enhance its offerings and plans to enter additional geographic markets, specifically targeting the expansion into the United States and Canada by the end of 2024.

## Funding rounds

- Series B, Aug 2, 2023, $13M — Investment Quebec, Cycle Capital Management, Second Century Ventures, Desjardins Capital, Triovest, Shadow Ventures, Jones Boys Ventures, GroundBreak Ventures, Band Capital Partners
- Series A, Nov 9, 2020 — BDC Capital, Cycle Capital Management, Desjardins Capital, Shadow Ventures, Jones Boys Ventures, GroundBreak Ventures
- Seed, Feb 22, 2017, $1.1M — BDC Capital, Cycle Capital Management, Yellow Pages Group Co., 500 Global

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed, Series A
- Cycle Capital Management (https://capitalatlas.ai/funds/cycle-capital-management) — Seed, Series A, Series B
- Yellow Pages Group Co. — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Desjardins Capital (https://capitalatlas.ai/funds/desjardins-capital) — Series A, Series B
- Shadow Ventures (https://capitalatlas.ai/funds/shadow-ventures) — Series A, Series B
- Jones Boys Ventures (https://capitalatlas.ai/funds/jones-boys-ventures) — Series A, Series B
- GroundBreak Ventures (https://capitalatlas.ai/funds/groundbreak-ventures) — Series A, Series B
- Investment Quebec (https://capitalatlas.ai/funds/investment-quebec) — Series B
- Second Century Ventures (https://capitalatlas.ai/funds/second-century-ventures) — Series B
- Triovest — Series B
- Band Capital Partners (https://capitalatlas.ai/funds/band-capital-partners) — Series B