• Locad secured USD 9M to expand into UAE and Saudi Arabia by Q4 2024 and boost AI-driven logistics. 
• Its Control Tower platform unifies inventory, analytics, and automation for brands. 
• The startup enables local fulfillment and shipping through four regional centers. 

Locad, a smart digital logistics platform, announced its USD 9 million Pre-Series B funding round. The funding is co-led by Global Ventures and Reefknot Investments, according to the company’s statement.

Other participating investors include Sumitomo Equity Ventures, along with existing investors Antler Elevate, Febe Ventures, and JG Summit.

Locad Fueling AI Capabilities 

Further, the funding will drive Locad’s international expansion, starting with the UAE and Saudi Arabia. The plan is to implement this in Q4 2024 as part of its ‘Grow Global, Go Local’ strategy. It will also enhance Locad’s AI-driven smart logistics capabilities.

The company is also on a mission to build the supply chain infrastructure of modern commerce. The company is connecting brands to consumers in growth markets through a global cloud supply chain as-a-service.

Unified Logistics for E-Commerce and Retail

Moreover, Locad enables brands to unify all sales channels in e-commerce and retail into a single smart logistics network. This system is managed through its Control Tower orchestration platform. The platform provides real-time visibility, analytics, and AI-enhanced workflow automation.

Constantin Robertz, CEO and Co-Founder of Locad, stated:  “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. It allows brands to unify their omnichannel distribution and access localized fulfillment in growth markets of SEA and AU. 

“We are now excited to take Locad global, opening our presence in the US and entering the GCC, to make it easier for brands to sell anywhere with a fully localized customer experience. We are excited to bring our smart digital logistics engine to the GCC, so consumer brands can excel in this fast-growing market. We also welcome Dario La Torre as GCC Regional Director. Dario has vast experience in cross-border e-commerce and logistics, which will catalyze our expansion and is the perfect addition to our senior team.”

Locad Expanding into the GCC Market

With its launch in the UAE and Saudi Arabia, Locad will empower GCC-based brands to scale in one of the world’s most dynamic e-commerce markets.

Additionally, Locad’s edge lies in its shipping engine optimized for local carriers and its seamless integration with major local sales channels. International brands looking to enter and grow in the GCC market can now leverage Locad as a gateway.