Localyze Raises $35 Million in Series B  

by Kay Aloha Villamor

Localyze, a Hamburg, Germany-based global mobility platform for companies and employees, announced today that it raised $35 million in Series B funding to launch in North America in the coming months.

Localyze also has its sights on expanding into Asia, as it aims to onboard global firms, and is planning to add its first countries in the region in 2023.

The round was led by the US VC fund, General Catalyst. Other investors in the round include Visionaries Club, Web Summit Fund, and Frontline Ventures, along with Job van der Voort (CEO of Remote) and the founding team at Taxdoo.

Localyze has now grown more than 3x to well over 400, per Asmussen, with revenue also up 6x since last year. Over this time, the startup has expanded into 10 markets across Europe.

Company: Localyze, Inc.

Raised: $35.0M

Round: Series B

Funding Month: September 2022

Lead Investors: General Catalyst

Additional Investors: Visionaries Club, Web Summit Fund, Frontline Ventures, and Job van der Voort

Company Website: https://www.localyzeapp.com/

Software Category: Global mobility platform 

About the Company: Founded in 2018 by three female founders: Hanna Asmussen, Lisa Dahlke, and Franzi Löw, Localyze is an all-in-one platform that makes it simple to manage global mobility needs in one place and guides you through your global mobility challenges, from relocating new hires to visa changes, postings, and transfers between offices. Localyze's SaaS is designed to help companies and employees navigate what can be complex, bureaucratic, and even stressful immigration requirements by providing digital tools to automate admin and case tracking. Localyze is a Y Combinator-backed startup that offers admin automation and digital case management tools (plus some human support) to take the strain out of hiring international talent or managing cross-border staff moves.

Source: https://techcrunch.com/2022/09/06/localyze-series-b/

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