Local Logic, a location intelligence insights provider, has secured $13m in Series B funding led by GroundBreak Ventures and Investissement Québec. The round also included participation from Band Capital Partners, an affiliate of Triovest Realty Advisors, Cycle Capital, Desjardins Group, Jones Boys Ventures, Second Century Ventures, and Shadow Ventures.
The funding will be used to accelerate Local Logic’s product development, expand its go-to-market efforts, and grow its customer base. The company plans to use its location intelligence platform to help businesses make better decisions about where to locate, how to develop, and how to market their products and services.
Local Logic was founded in 2016 by Vincent-Charles Hodder and Jonathan Laporte. The company is headquartered in Montreal, Canada, and has offices in New York City and San Francisco.
What does this mean for you?
If you are a business that is looking to make better decisions about location, Local Logic’s platform can help. The company’s data-driven insights can help you to understand the factors that influence demand for your products or services, identify the best locations for your business, and track the performance of your locations over time.
Local Logic’s platform is also a valuable tool for investors and developers. The company’s data can help you to identify emerging trends, assess the risk of investment, and make better decisions about where to build.
Conclusion
Local Logic’s Series B funding is a significant milestone for the company. The funding will help Local Logic to accelerate its growth and expand its reach to new markets. The company’s location intelligence platform is a valuable tool for businesses, investors, and developers. If you are looking to make better decisions about location, Local Logic is a company to watch
