Tech

Ophelia Brown’s Blossom Capital leads $ 12 million in funding at Localyze, a women-led relocation management SaaS startup

Prior to Covid, the numbers show that about 2 million people move to work in Europe each year, and as they get out of the pandemic, employee transfers are set to increase by 50%. It is shown.

A similar route, a SaaS startup based in Hamburg, Germany Localyze Is an innovative company that supports international staff throughout the relocation process. They do it with a comprehensive software solution platform that covers everything from visa requirements to social integration.

Now the news is that the Global Mobility Platform has raised $ 12 million in early-stage funding led by London-based VC Blossom Capital. Blossom, one of Forbes’ 30 new stars under the age of 30, launched by London-based venture capitalist and technology-passionate investor Ophelia Brown, has US know-how and expertise. A VC fund that connects knowledge, networks and ambitions with unparalleled opportunities in Europe.

In a conversation with UKTN, Brown said: “We are looking for big and disruptive ideas to transform or create new industries. Localyze loves Localyze because he can work for his beloved company anywhere in the world.”

“Localyze has shown impressive traction, further demonstrating its strong product marketability,” she adds.

In addition, with the participation of former investor Frontline Ventures, Localyze’s record 300% revenue growth in the first quarter of 2021 led to Localyze’s participation in the 2019 Y Combinator Summer Accelerator Program. Will continue to participate.

Many angel investors also participated in the round, including Andrew Robb (ex-Farfetch), Intercom co-founder and CSO Des Traynor, Personio co-founder and CEO Hanno Renner, Workday CTO and Michael Wax. doing. , CEO of Forto.

Localyze has some great names to boost startups, uses the latest funds to expand into new regions such as Ireland, Spain, Portugal, the Netherlands and the UK, and even more with offices throughout Europe Serve high-growth companies in Spain.

Hanna Asmussen, Co-Founder and CEO of Localyze, told UKTN: We have been doing business with existing customers in these markets for some time, but now we are looking to grow our sales activities there. ”

Asmussen describes the growth of the UK market as follows: “Localyze already exists in the UK market. It makes sense to focus on this market as the UK is a major destination for international talent and businesses, both inside and outside Europe. , Will be a great stepping stone. “

Localyze was founded in 2018 by Hanna Asmussen, Lisa Dahlke and Franci Löw. Having lived and worked in a total of 15 countries, they directly saw the difficulties and problems associated with relocation.

This trio has set up Localyze to simplify employee relocation and take advantage of employee decentralization with a dedicated software solution.

How does it work?

Localyze is Free Now, Trade Republic, Babbel, Thoughtworks, Tier Mobility, DeepL, Forto, Personio. These companies have hundreds of employees from dozens of countries who need to manage paperwork between embassies, labor agencies, foreign offices and local city halls.

Additional services

Localyze makes it easier for businesses to operate across national borders, as well as transfer employees. It supports employers in opening new locations, traveling, temporary travel, and remote employment assessments. Ensure that HR departments monitor each step to ensure compliance.

With clients such as Free Now, Trade Republic, Babbel, Thoughtworks, Tier Mobility, DeepL, Forto and Personio — Localyze has already helped more than 2,000 people from more than 100 countries relocate internationally. The blockage has been eased, Localyze is a service, with an average growth of over 30% month-on-month.



Ophelia Brown’s Blossom Capital leads $ 12 million in funding at Localyze, a women-led relocation management SaaS startup

Source link Ophelia Brown’s Blossom Capital leads $ 12 million in funding at Localyze, a women-led relocation management SaaS startup

Back to top button