• Funds will drive expansion into the UAE & Saudi Arabia by Q4 2024
  • Since Series A, Locad has scaled its model across SEA, Australia & China

Locad cofounders (Left to Right: Shrey Jain, CTO, Constantin Robertz, CEO & Jannis Dargel, COO

Locad, a leading smart digital logistics engine empowering consumer brands with its Cloud Supply Chain-as-a-Service for global distribution, announced a US$9 million (RM40 million) Pre-Series B fundraise co-led by Global Ventures and Reefknot Investments. Other investors include Sumitomo Equity Ventures, Antler Elevate, Febe Ventures, and JG Summit.

The funding will accelerate Locad’s international expansion, starting in the UAE and Saudi Arabia in Q4 2024 as part of its “Grow Global, Go Local” strategy for brands, and further enhance its AI-driven logistics capabilities. Locad aims to build modern supply chain infrastructure, connecting brands to consumers in growth markets through a unified, cloud-based logistics network.

Locad’s cloud supply chain enables smart digital logistics and open commerce for consumer brands through an integrated operating system and supply chain infrastructure as a service. The company allows brands to connect all sales channels in e-commerce and retail to a single pool of inventory and a smart logistics network, managed via its Control Tower orchestration platform, which provides real-time visibility, analytics, and AI-enhanced workflow automation.

Constantin Robertz, CEO and co-founder of Locad, said, “We are on a mission to enable smart digital logistics for consumer brands. Over the last four years, we have built a cloud supply chain platform in APAC that allows brands to unify their omnichannel distribution and access localised fulfilment in growth markets across SEA and AU. We are now excited to take Locad global, establishing a presence in the US and entering the GCC to make it easier for brands to sell anywhere with a fully localised customer experience.”

Noor Sweid, founder and managing partner of Global Ventures, said, “We are delighted to lead Locad’s funding round. Locad’s innovative engine is transforming how brands manage supply chains, enabling faster and more efficient customer reach—aligning with our vision for decentralised and resilient supply chains to meet today’s demands.”

“Locad exemplifies this shift, offering localised, efficient solutions. We are confident it is well-positioned to capitalise on opportunities in evolving markets like MENA, embodying the future of agile, sustainable logistics,” he added.

Marc Dragon, managing director of Reefknot Investments, said, “We are excited to co-lead this oversubscribed round and deepen our commitment to Locad as they expand globally. Since our Series A investment, Locad has scaled its asset-light fulfilment model across Southeast Asia, Australia, and China while enhancing AI-driven features like demand, inventory, and carrier analytics & optimisation.”

“We are confident that Locad’s global expansion and focus on innovation will deliver significant value for brands looking to grow internationally and elevate customer experiences,” he added.

Shrey Jain, co-founder and CTO of Locad, said, “By combining smart digital logistics with AI-driven insights, we empower brands to optimise supply chains by positioning inventory closer to demand, reducing delivery times, and improving customer satisfaction. This fundraise enables us to further strengthen our tech-enabled logistics ecosystem, driving efficiency and supporting brands in a dynamic commerce landscape.”

Since its 2023 Series A round, Locad has significantly expanded its market presence and enhanced its platform, now supporting over 300 consumer brands across Southeast Asia and Australia. By providing smart digital logistics solutions, the company improves operational efficiency and customer experiences. Its logistics engine seamlessly integrates with leading e-commerce platforms like Shopify, Shopee, Amazon, and TikTok, helping brands optimise inventory and delivery management across multiple sales channels.

The expansion into the GCC and USA further opens new markets, enabling brands to scale their distribution through Locad’s platform.