# Localz

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/localz-pty

- Industry: Software
- Headquarters: Melbourne, Australia
- Website: www.localz.com
- Total disclosed funding: $2.7M
- Latest round: Series A (Aug 16, 2017)
- Investors on record: 7

## About

Based in Australia, Localz Pty Ltd specializes in providing advanced customer engagement solutions for last-mile delivery and field service management, enhancing operational efficiency and customer satisfaction for diverse industries.Localz Pty Ltd, founded in 2013, operates from its headquarters in Melbourne, Australia. The company focuses on customer engagement solutions, having recently been acquired by Descartes Systems Group Inc. in April 2023 for USD 6.2 million. Founders Davit Sokhikyan and Nimrod Texler have established a firm that has completed 9 deals throughout its history, with the most recent deal taking place in 2023.Descartes Localz, rebranded as the Descartes Customer Engagement Platform, provides comprehensive solutions for last-mile delivery and field service management. Its core offerings include automated communications, order tracking, appointment management, and a unified customer portal, enhancing the customer experience across industries such as retail and logistics.The revenue model for Descartes Localz is primarily subscription-based, offering various pricing tiers for its Customer Engagement Platform. Clients, ranging from small businesses to large enterprises, utilize the platform for seamless order tracking, appointment management, and customer feedback collection, generating ongoing revenue through renewals and upselling of features.Following its acquisition by Descartes Systems Group Inc. on April 20, 2023, Localz aims to leverage the USD 6.2 million in funding to enhance its product offerings and expand into new markets, although specific products or regions have yet to be announced. This acquisition positions Localz to provide cost-efficient delivery solutions for Descartes' customer base.

## Funding rounds

- Series A, Aug 16, 2017, $2.7M — Notion Capital, GeoPost, Myca Artemas Investments Pty Ltd, Tapsnap Pty Ltd, Tjandrew Investments Pty Ltd
- Seed, May 30, 2014, $0M — John Lewis Partnership Pension Trust, L Marks

## Investors

- John Lewis Partnership Pension Trust — Seed
- L Marks (https://capitalatlas.ai/funds/l-marks) — Seed
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Series A
- GeoPost — Series A
- Myca Artemas Investments Pty Ltd — Series A
- Tapsnap Pty Ltd — Series A
- Tjandrew Investments Pty Ltd — Series A