Localz closes Series A round to Deliver Happiness
Notion makes first investment in Iconomy Fulfilment category
With teams in London and Melbourne 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.
Localz has closed a multi-million pound investment round which was led by London-based venture capital firm Notion Capital, whose investment thesis is targeted at enterprise-focused SaaS businesses who are solving for massive existing and emerging pain points for established industries.
Mobile first consumers plays like Deliveroo, Uber and our friends at Amazon are radically 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 $500billion 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. In fact they’re so pervasive – everyone in the UK has benefitted from their service – you just don’t know it’s them! Chris Tottman, Co-Founder/Partner Notion Capital.
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.
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.
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.
Tim Andrew, co-founder and CEO “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’.”
Whether receiving a service, a delivery or collecting a parcel, customers now demand continuous verification, transparency, simplicity and control of their experience. Localz are providing last mile enterprise delivery solutions for enterprise.
Localz provides solutions that transform the last mile of deliveries in logistics, retail and utility businesses. Solutions that enable businesses to thrive in the on-demand economy we live in.
Using location and customer data to help businesses to improve their last mile of delivery, rapidly reacting to changes in stock availability, consumer demand and making fulfillment management more transparent. Localz is working with Woolworths, DPD and British Gas.
About Notion Capital:
Notion Capital invests in exceptional entrepreneurs in the enterprise cloud and SaaS markets who have what it takes to transform large, global markets. The Notion team has unmatched expertise having founded, built and exited two highly successful SaaS businesses — Star and MessageLabs. The Notion portfolio includes Brightpearl, Dealflo, GoCardless, MOVE Guides, NewVoiceMedia, Currencycloud, Tradeshift, Triptease and Workable.