Last mile delivery startup Localz, based in London, has closed a Series A funding round from Notion Capital with participation from parcel delivery giant GeoPost. No figures were disclosed.
The “multi-million pound” funding round will be invested in the service for last-mile delivery and tracking. It expects to double in size by next year. The company also plans to enter the US market in the coming months.
Current clients include Woolworths, DPD Group (owned by GeoPost) and British Gas.
“This investment means we are exceptionally well positioned to continue leading the exponential growth in our category through 2018 and beyond,” said Tim Andrew, CEO of Localz. “From the start we set out to build a genuinely differentiated technology firm that can address the growing consumer demand for products and services when and where they want them. A category we have defined as ‘Iconomy Fulfilment’.”
Localz serves what it has dubbed the “iconomy”, meaning the individual economy that revolves around personalised on-demand services that come to you, typified by the likes of Deliveroo and Uber.
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