[Funding alert] Logistics startup Locad raises $11 mn in Series A funding led by Reefknot Investments

Logistics engine Locad has raised an $11M Series A funding round to expand their supply chain platform that allows modern consumer brands in Asia-Pacific to automatically store, pack, ship and track their orders in a distributed, end-to-end supply chain as-a-service. The round was led by Reefknot Investments, a fund anchored by Temasek and logistics powerhouse Kuehne & Nagel.

The logistics engine platform from Locad manages end-to-end order fulfilment for B2C and B2B orders, from storage to delivery, using a network of warehouses and shipping partners. It syncs inventory across sales channels like Shopify, Lazada, Shopee, and TikTok Shop. Over 200 companies have been handled by Locad to far in Singapore, the Philippines, Thailand, Hong Kong, and Australia. More than 2 million items have been fulfilled while upholding a 99% same-day order fulfilment record.

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“Ultimately, our goal is to enable a frictionless movement of physical goods and data across the supply chain for any brand and merchant, enabling anyone to sell anywhere, on any sales channel, and deliver seamlessly.” says Locad CEO and Co-founder Constantin Robertz, “As modern consumer brands are transforming to direct-to-consumer and omnichannel retail, we have seen that the supply chain and fulfillment infrastructure is a key barrier to scaling the business for many brands, and the bar is only rising further, due to higher customer expectations for fast delivery, and the complexity driven by an increasing number of sales channels.”

Returning investors Sequoia India and Southeast Asia's Surge, Febe Ventures, and Antler joined new investors Access Ventures, JG Summit, and WTI in the series A fundraising round.

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“We are excited to partner with Locad to bring holistic end-to-end e-commerce logistics solutions to brands across Asia Pacific.” shares Ervin Lim, Vice President of Reefknot Investments, “Locad’s unique operating model of localizing warehouses into the cities ensures that inventory is kept close to the customers thereby enabling significant cost and time savings for both brand and consumer. We believe that Locad’s logistics engine will spur greater participation in the digital economy as consumers outside of Tier-1 cities can now receive their orders 2-3x faster at a fraction of the usual cost.”

Global consumer brands like Havaianas, Reckitt Benckiser, and Emma Sleep may increase their e-commerce and omnichannel presence in the area with the help of Locad's logistics engine, which also gives growing D2C companies and mid-market merchants access to best-in-class logistical infrastructure.

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“Success in omnichannel commerce for modern consumer brands requires a powerful supply chain orchestrated by software that seamlessly integrates the infrastructure of warehouses and shipping carriers. And that’s what we’re building here at Locad” added Constantin Robertz.

“Over the next 5 years, we expect to build the region’s largest network of warehouses, enabling next-day delivery in Tier 1 to 3 cities across the region, and make this available to brands and merchants in one integrated platform” concluded Constantin Robertz.

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About Locad

With a cloud supply chain, Locad is the logistics engine that enables e-commerce firms to expand their omnichannel operations and automatically store, pack, ship, and track orders throughout Asia-Pacific.

The Locad logistics engine is now available to hundreds of brands, enabling quicker shipment, lower costs, and exponential development. With the necessary tools, resources, and partners operating under one integrated system, Locad is on a mission to advance every business.

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