Locad scores US$9M funding to scale AI-driven logistics and expand to Middle East

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Locad scores US$9M funding to scale AI-driven logistics and expand to Middle East - e27

Quick Summary:

Locad, a cloud supply chain-as-a-service company based in Singapore, has raised US$9 million in a pre-Series B funding round, co-led by Global Ventures and existing investor Reefknot Investments.

Other participants include Sumitomo Equity Ventures and returning backers Antler Elevate, Febe Ventures, and JG Summit.

The company said it works with over 300 consumer brands across Southeast Asia and Australia.