Total amount raised
$35 Millions
Latest funding date
09/01/2022
Location
Title
Localyze has successfully raised significant funding over multiple rounds, positioning itself as a key player in the global mobility services sector. The platform offers comprehensive solutions for employee relocations, business trips, and work abroad, ensuring compliance and smooth transitions.
Keep reading to explore the intricacies of Localyze's fundraising journey and the investors backing this innovative platform.
What Is Localyze?
Localyze, founded in 2019, specializes in global mobility services, focusing on employee cross-border moves. The company offers a platform to manage relocations, business trips, work abroad, visa and immigration services, residence renewals, work permits, and destination services.
Based in the UK, Localyze was founded by Hanna Asmussen, Franziska Löw, and Lisa Dahlke. The platform centralizes these needs to save time and money while offering flexibility in planning, tracking, and managing global mobility programs.
With a growing team, Localyze continues to innovate in the field of global mobility, ensuring compliance and smooth transitions for businesses and their employees.
How Much Funding Has Localyze Raised?
- Series A
- Amount Raised: $12 million
- Date: Mid-2021
- Motivation Behind the Round: Initial growth and expansion
- Series B
- Amount Raised: $35 million
- Date: September 6, 2022
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: U.S. launch, product development, global expansion, and entering the Asian market by 2023
Localyze has raised a total of $47 million. The current valuation is not publicly disclosed.
Key Investors
- General Catalyst
- Details: General Catalyst is a U.S.-based venture capital firm that led Localyze's Series B funding round. They are known for supporting transformative companies across various stages of growth.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Airbnb, Stripe, Snap
- Visionaries Club
- Details: Visionaries Club is a European venture capital firm that participated in Localyze's Series B round. They focus on investing in B2B technology companies.
- Investment Focus Areas: B2B technology, SaaS, enterprise software
- Notable Investments: Personio, Choco, Xentral
- Web Summit Fund
- Details: Web Summit Fund is a venture capital firm associated with the Web Summit conference. They invest in promising technology startups showcased at their events.
- Investment Focus Areas: Technology, startups, innovation
- Notable Investments: Not publicly disclosed
- Frontline Ventures
- Details: Frontline Ventures is a venture capital firm that focuses on early-stage B2B technology companies. They participated in Localyze's Series B funding round.
- Investment Focus Areas: B2B technology, SaaS, enterprise software
- Notable Investments: LinkedIn, Intercom, Verve
- Job van der Voort
- Details: Job van der Voort is the CEO of Remote and an individual investor in Localyze's Series B round. He has a strong background in remote work and HR technology.
- Investment Focus Areas: Remote work, HR tech, SaaS
- Notable Investments: Remote (his own company)
What's Next for Localyze?
Localyze is poised to seize significant opportunities with its planned expansion into North America and Asia. The company aims to cover 50 markets globally by 2025, driven by the rising demand for workplace mobility and flexible working arrangements. This growth trajectory suggests that Localyze could become a major player in the global mobility services sector.
To support this ambitious expansion, Localyze may pursue additional funding rounds. The recent $35 million Series B round indicates strong investor confidence, which could pave the way for future investments. However, the company will need to navigate challenges such as competition in the U.S. market and maintaining high-quality control over its services.
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