Locad Raises $11M in Series A Funding
- Locad, a Singapore-based provider of a logistics engine platform, raised $11M in Series A funding
- The round was led by Reefknot Investments with participation from returning investors Sequoia India and Southeast Asia’s Surge, Febe Ventures, Antler
- The company intends to use the funds for network expansion, product development, and hiring talent across Asia-Pacific
- The company is the logistics engine enabling e-commerce brands with a cloud supply chain to grow their omnichannel business and automatically store, pack, ship, and track orders across Asia-Pacific
- To date, the company has served over 200 brands across Singapore, the Philippines, Thailand, Hong Kong, and Australia, and shipped more than 2 million orders
