How much did Locus raise?

Locus raised $50 Million in a Funding Round round on June 2, 2021.

Logistics Startup Locus Raises $50 Million, Valuation Hits $300 Million

PRIVATEJun 02, 2021

Amount Raised

$50 Million

Round Type

Funding Round

San FranciscoOtherSustainabilitySoftwareData And AnalyticsScience And Engineering

Description

Mumbai: Locus, a business-to-business (B2B) logistics optimisation startup, has raised $50 million in a Series-C funding round led by Singapore’s sovereign wealth fund GIC.

Quick answer

Locus raised $50 Million in a Funding Round round, dated June 2, 2021. Locus is based in San Francisco, California, United States.

How much did Locus raise?: Locus raised $50 Million in a Funding Round round on June 2, 2021.
What does Locus do?: Locus is a technology platform that uses machine learning and proprietary algorithms to automate complex supply chain decisions.
Where is Locus based and how big is it?: Locus is based in San Francisco, California, United States.

Source: Fundz verified event record.

Who else raised in Sustainability and Data And Analytics around the same time

Companies in the same sectors as Locus that raised within 45 days of this round, from Fundz verified event records.

Health Catalyst raised $47M on July 12, 2021.
Salt Security, Inc. raised $68M on June 16, 2021.
Pagos Solutions, Inc. raised an undisclosed amount on June 14, 2021.
AutoRABIT raised $15M (Funding Round) on June 10, 2021.
Aria raised $46M (Series A) on June 9, 2021.
Stellar Health raised $56M on June 8, 2021.

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Company Information

Company

Locus

Location

San Francisco, California, United States

About

Locus is a technology platform that uses machine learning and proprietary algorithms to automate complex supply chain decisions. Its smart supply chain solutions provide end-to-end visibility and enable enterprises to enhance their operational efficiency by reining costs, streamlining the customer experience, and reducing environmental impact. Locus' scalable solutions include route optimization, real-time tracking and analytics, sales beat optimization, territory planning, vehicle allocation and network design. Our future-ready platform has resulted in $150 million+ savings in logistics costs, 70 million+ kilometer reductions in distance traveled, and 17 million+ kilograms reduction in GHG emissions across clients like Nestle, Mondelez, Unilever, BigBasket, Bluedart, Bukalapak, The Tata Group, and many others. The company powers deliveries across North America, Europe, Southeast Asia, Middle East, ANZ, and the Indian Subcontinent. Visit www.locus.sh to know more or follow us on LinkedIn!

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Locus raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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