About LocLab Consulting
LocLab Consulting is a company based in Darmstadt (Germany) founded in 2016 was acquired by Hexagon in December 2022.. LocLab Consulting offers products and services including Digital Twins, VR and AR Training, and Asset Management Solutions. LocLab Consulting operates in a competitive market with competitors including AppFolio, Johnson Controls, Landis+Gyr, MRI Software and OpenSpace, among others.
- Headquarter Darmstadt, Germany
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Sectors
TechnologyReal Estate & Construction Business Services Energy & Utilities
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Email
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Phone
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Website
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Social
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- Legal Name Loclab Consulting
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Products & Services of LocLab Consulting
LocLab Consulting offers a comprehensive portfolio of products and services, including Digital Twins, VR and AR Training, and Asset Management Solutions. 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.
Interactive models for representing physical assets and processes
Tools for immersive learning and simulation in industrial settings
Systems for linking objects with real-time data and systems
Funding Insights of LocLab Consulting
- Total Funding Total Funding
- Total Rounds 3
- Last Round Grant — $307,322
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First Round
First Round
(09 Dec 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2020 | Amount | Grant - LocLab Consulting | Valuation |
investors |
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| Oct, 2019 | Amount | Grant - LocLab Consulting | Valuation |
investors |
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| Dec, 2018 | Amount | Grant - LocLab Consulting | Valuation |
investors |
| 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 |
Investors in LocLab Consulting
LocLab Consulting has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Hexagon and European Union. 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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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Hexagon is recognized for delivering advanced measurement and automation technologies.
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 LocLab Consulting
| 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 - LocLab Consulting
| 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 |
Loclab Consulting Comparisons
Competitors of LocLab Consulting
LocLab Consulting 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 AppFolio, Johnson Controls, Landis+Gyr, MRI Software and OpenSpace, 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 |
SaaS-driven property management software for owners and residential property managers
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Automotive batteries and HVAC equipment are manufactured and supplied globally.
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End-to-end energy management solutions are provided for utilities worldwide.
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Property management software is provided for residential and commercial properties.
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Construction sites are monitored via AI-powered SaaS technology.
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Software for property maintenance, asset management, and leasing is developed.
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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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| domain | founded_year | HQ Location |
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 Loclab Consulting
Frequently Asked Questions about LocLab Consulting
When was LocLab Consulting founded?
LocLab Consulting was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is LocLab Consulting located?
LocLab Consulting is headquartered in Darmstadt, Germany. It is registered at Darmstadt, Hesse, Germany.
Who is the current CEO of LocLab Consulting?
Ilka May is the current CEO of LocLab Consulting.
What does LocLab Consulting do?
LocLab Consulting was founded in 2016 in Darmstadt, Germany. Digital twin solutions are developed for the construction sector, including three-dimensional representations of real-world environments. Visualization, modeling, and asset management services are offered to support applications in planning, construction, inspection, and maintenance. Operations focus on integrating these tools to enhance industry processes.
Who are the top competitors of LocLab Consulting?
LocLab Consulting's top competitors include Landis+Gyr, AppFolio and OpenSpace.
What products or services does LocLab Consulting offer?
LocLab Consulting offers Digital Twins, VR and AR Training, and Asset Management Solutions.
Who are LocLab Consulting's investors?
LocLab Consulting has 2 investors. Key investors include Hexagon, and European Union.