Logistics management firm Locad raises $11 million in Series-A funding

Logistics management company Locad said it has raised $11 million in a Series-A funding round led by Reefknot Investments, a fund anchored by Temasek and logistics powerhouse Kuehne & Nagel.

The funding round also saw participation from returning investors Sequoia India and Southeast Asia’s Surge, Febe Ventures, Antler, as well as new investors Access Ventures, JG Summit, and WTI.

Locad said in a statement the funds raised will be used to expand its supply chain platform that allows consumer brands in Thailand and across Asia-Pacific to automatically store, pack, ship and track orders in a distributed and end-to-end supply chain as-a-service.