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Local Logic Secures $13 Million In Series B Funding To Expose Location-Based Risks And Opportunities In Real Estate

Aug 02, 2023about 2 years ago

Amount Raised

$13 Million

Round Type

series b

MontrealCommercial Real EstateReal EstateLocation Based ServicesSoftwareAnalytics

Investors

Shadow VenturesSecond Century VenturesJones Boys VenturesDesjardins GroupCycle CapitalBand Capital PartnersInvestissement QuébecGround Break Ventures

Company Information

Company

Local Logic

Location

Montreal, Quebec, Canada

About

Moving forward, the company will look to expand its partnerships with broker sites and MLS organizations to impact every real estate decision in the United States and Canada. With more than 85 billion unique data points – the largest unique location data set in the U.S. and Canada – the platform creates a digital twin of cities, quantifying the built world and offering predictive, precise analytics to inform the present and future of over 250 million individual addresses. The company has embraced innovation; a willingness to adopt new technology is a key differentiator in its approach to business. In today's fast-changing real estate landscape, Local Logic provides the industry with granular, proprietary, and actionable location insights to understand how the built world impacts the risk and return of real estate investment decisions of all scales and at all levels of sophistication. Beyond empowering investment decisions, Local Logic also provides insights to help governments make policy and regulation decisions regarding residential real estate that impact the sustainability and livability of our cities. Local Logic and its CEO, Vincent-Charles Hodder, will be at Inman Connect in Las Vegas from August 8-10. Local Logic is a location intelligence platform that digitizes the built world for consumers, investors, developers, and governments – delivering unrivaled clarity and actionable insights capable of creating more sustainable, equitable cities.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech