About Localz
Localz is a company based in Melbourne (Australia) founded in 2013 was acquired by Descartes in April 2023.. Localz has raised $7.44 million across 3 funding rounds from investors including Descartes, Triple Point and GeoPost. Localz offers products and services including Customer Engagement Platform, Order Tracking, Appointment Management, and Click and Collect. Localz operates in a competitive market with competitors including Movista, SimpliField, BeatRoute, Sensorberg and Catalina, among others.
- Headquarter Melbourne, Australia
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Sectors
RetailTechnology
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Phone
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Website
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Social
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- Legal Name Localz Pty Ltd
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Products & Services of Localz
Localz offers a comprehensive portfolio of products and services, including Customer Engagement Platform, Order Tracking, Appointment Management, and Click and Collect. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for real-time order tracking and customer feedback management.
Service for real-time updates and customer portal interactions.
Tool for customer self-service confirmations and rescheduling.
App for in-store pickup and curbside delivery coordination.
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Funding Insights of Localz
Localz has successfully raised a total of $7.44M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2.67 million completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $2.7M
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First Round
First Round
(29 Sep 2014)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2020 | Amount | Series A - Localz | Valuation | Triple Point |
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| Sep, 2017 | Amount | Series A - Localz | Valuation | Notion | |
| Sep, 2014 | Amount | Grant - Localz | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Localz
Localz has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Descartes, Triple Point and GeoPost. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of investment management services
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Founded Year | Domain | Location | |
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Venture capital investment in European business software companies, focusing on early-stage opportunities in London.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Localz
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Localz
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Localz Comparisons
Competitors of Localz
Localz operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Movista, SimpliField, BeatRoute, Sensorberg and Catalina, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Field management solutions are provided for retail and service teams.
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Saas for field teams
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| domain | founded_year | HQ Location |
AI-driven platform is provided for retail sales and distribution management.
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IoT enabled solutions for multi industry applications
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Personalized digital marketing solutions are delivered to retailers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Localz
Frequently Asked Questions about Localz
When was Localz founded?
Localz was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Localz located?
Localz is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Is Localz a funded company?
Localz is a funded company, having raised a total of $7.44M across 3 funding rounds to date. The company's 1st funding round was a Grant of $160K, raised on Sep 29, 2014.
What does Localz do?
Localz was founded in 2013 in Melbourne, Australia, within the software sector focused on location-based services. A platform is offered that allows businesses to integrate locations with applications. Real-time tracking of service technicians and estimated times of arrival is enabled, alongside two-way communication tools. Asset tracking capabilities are included, with operations aimed at enhancing customer interactions and minimizing missed appointments across various industries.
Who are the top competitors of Localz?
Localz's top competitors include SimpliField, BeatRoute and Movista.
What products or services does Localz offer?
Localz offers Customer Engagement Platform, Order Tracking, Appointment Management, and Click and Collect.
Who are Localz's investors?
Localz has 6 investors. Key investors include Descartes, Triple Point, GeoPost, Notion Capital, and JLAB.
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