The London- and Melbourne-based startup Localz has just closed a multi-million Euro funding round which was led by the VC firm Notion Capital, whose investment thesis is targeted at enterprise-focused SaaS businesses. The Localz technology helps leading global logistics, retail and service companies to pivot from a company whose customers have to wait in all day for deliveries, to companies that can promise and fulfil their customers individual requirements.
GeoPost SA who own market-leading delivery company DPD Group also participated in the round, taking a strategic stake in Localz to help them stay at the forefront of adapting to the needs of their Iconomy customers.
Founded in 2013, Localz expects to enter the US market in the coming months and double in size by the middle of next year, as the need to meet the delivery demands of Iconomy customers continues to ramp up.
Mobile first consumers plays like Deliveroo, Uber and Amazon are clearly raising consumer expectations with a slick, convenient and often cheaper proposition. This disruption is ripping through Retail and Logistics today who alone are looking for advanced technologies to deliver more than $500 billion in savings. Localz is at the forefront of this and enables its enterprise customers to launch this experience rapidly and take all that complexity away.
With a mission to transform the last mile of delivery, Localz is already working with Woolworths, DPD and British Gas. Integrating data and location intelligence to enable fulfilment of delivery or services first time.
Localz co-founder and CEO Tim Andrew stated: “This investment means we are exceptionally well positioned to continue leading the exponential growth in our category through 2018 and beyond. From the start we set out to build a genuinely differentiated technology firm that can address the growing consumer demand for products and services when and where they want them. A category we have defined as ‘Iconomy Fulfilment’.”
