Localyze, a Hamburg, Germany-based SaaS for staff relocation, raised $12 million in Series A funding round led by Blossom Capital for a SaaS that supports staff relocations and hiring across borders.
Previous investor Frontline Ventures also participated, with a number of angel investors joining the round — including Andrew Robb (ex-Farfetch); Des Traynor, co-founder and CSO at Intercom; Hanno Renner, co-founder and CEO at Personio; David Clarke, former CTO at Workday; and Michael Wax, CEO of Forto.
The Series A funding will be used to capitalize on growing demand by expanding into new regions focusing on “major hubs” for international talent in Ireland, Spain, Portugal, the Netherlands, and the U.K., so it can target more high-growth companies with offices across Europe. Currently, it has over 120 customers — and it’s expecting that to double by the end of the year.
Company: Localyze Inc.
Raised: $12.0M
Round: Series A
Funding Month: July 2021
Lead Investors: Blossom Capital and Frontline Ventures
Additional Investors: Andrew Robb, Des Traynor, Hanno Renner, David Clarke, and Michael Wax
Company Website: https://www.localyzeapp.com
Software Category: Relocation management software
About the Company: Localyze offers a software solution for relocation management. Localyze supports international employees throughout the whole relocation process with an all-in-one software solution covering everything from visa to social integration. Localyze provides an overview of the current relocation process status of all international employees within the relevant categories (visa, insurance, banking) for the recruiting department. Localyze guides internationals through the whole relocation process with a personalized dashboard showcasing next-to-dos, deadlines, and other relevant information. Localyze covers a wide range of topics, ranging from visa and mobile phone contracts to cultural integration. In each category, only relevant information tailored to the individual's personality profile is displayed.
Source: https://techcrunch.com/2021/07/07/localyze-raises-12m-for-a-saas-that-supports-cross-border-hiring-and-relocation/