Localyze raises twelve million US dollars

The Hamburg-based start-up supports companies in the employee migration process, from applying for a visa through to relocation. Localyze has now closed its Series A financing round.

The start-up Localyze has received twelve million US dollars in its Series A financing round. The round was led by London-based venture capitalist Blossom Capital and also includes existing investor Frontline Ventures, which led the seed financing round of 2.1 million euros in 2020. Various business angels such as Hanno Renner, who is also a Localyze customer with his company Personio, Forto CEO Michael Wax and David Clarke, CTO of Workday, are also involved.

Founded in 2018, the company apparently recorded revenue growth of 300 percent in the first quarter of 2021 and launched its offering in Ireland, the Netherlands and Spain. It intends to use the money raised for further expansion. Localyze's founders are Hanna Asmussen, Lisa Dahlke and Franziska Löw, and the start-up now has 25 employees, according to its own information.

Localyze supports companies in the mobility of their employees by helping with bureaucratic processes such as visa applications, accommodation for employees in new locations and networking between branches. Customers include Babbel, Volocopter, Tier and Personio.