Localyze Raises $12M to Support Cross-Border Hiring and Relocation
Localyze from Hamburg has nabbed $12 million in Series A funding led by Blossom Capital for a SaaS that supports staff relocations and hiring across borders. Previous investor Frontline Ventures also participated,with a number of angel investors joining the round — including Andrew Robb (ex-Farfetch); Des Traynor, co-founder and CSO at Intercom; Hanno Renner, co-founder and CEO at Personio; David Clarke, former CTO at Workday; and Michael Wax, CEO of Forto.
To date, Localyze says it’s helped more than 2,000 people from over 100 countries relocate internationally. But it reckons that’s just the start. “Relocation is becoming a benefit at some companies, and the overall number of people moving across borders during their working life is increasing drastically,” said CEO Hanna Asmussen.
“We developed a software that automates large parts of the relevant processes around global mobility,” explains Asmussen. “The core of our technology is a pipeline system that maps out all possibilities of how the employee can enter a country and matches the pipeline with the characteristics of that employee (e.g. nationality, family status or education). This guarantees that the employee gets all the relevant information throughout his/her process and that our case managers can focus on more individual questions.”
The funding will be used to capitalize on growing demand by expanding into new regions — with Localyze saying it will start by focusing on “major hubs” for international talent, in Ireland, Spain, Portugal, the Netherlands and the UK, so it can target more high-growth companies with offices across Europe.
Announcement: Localyze Raises $12M to Support Cross-Border Hiring and Relocation