Ophelia Brown’S Blossom Capital Leads $12M Funding In Women-Led Relocation Management Saas Startup, Localyze
Ophelia Brown’S Blossom Capital Leads $12M Funding In Women-Led Relocation Management Saas Startup, Localyze
07/07/21, 8:13 AM
Location
hamburg
Money raised
$12 million
Before Covid, almost two million people relocated for work within Europe each year and figures suggest that employee relocation is set to increase by 50% as we emerge from the pandemic.
Company Info
Location
hamburg, new york, united states
Additional Info
Further, the funding, which comes off the back of record 300% revenue growth for Localyze in Q1 2021, also saw participation from previous investor Frontline Ventures, and is followed by Localyze’s participation in the Y Combinator Summer accelerator programme in 2019. A number of angel investors have also joined 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, CTO at Workday and Michael Wax, CEO of Forto.With some great names backing the startup, Localyze will use the latest funding to expand into new regions, starting with Ireland, Spain, Portugal, the Netherlands, and the UK to help it serve even more high-growth companies with offices across Europe. ”Localyze was founded in 2018 by Hanna Asmussen, Lisa Dahlke and Franzi Löw who, between them, had seen first-hand the difficulties and pain-points involved with relocating, having lived and worked across a combined total of 15 countries. With clients like Free Now, Trade Republic, Babbel, Thoughtworks, Tier Mobility, DeepL, Forto and Personio — Localyze has already helped more than 2,000 people from over 100 countries relocate internationally and with lockdown easing, Localyze claims to be witnessing accelerating demand for its services, a growth of average at more than 30% month-on-month. On similar lines, Hamburg, Germany-based SaaS startup Localyze is an innovative company that supports international staff during the entire relocation process. Talking about the growth in the UK market, Asmussen adds, “Localyze is already present in the UK market.