Localyze receives 35 million US dollars

The start-up has thus completed its Series B financing round. The money comes from venture capitalist General Catalyst, among others.

The Hamburg-based start-up Localyze has raised 35 million US dollars in its Series B financing round. It was led by venture capitalist General Catalyst. The Visionaries Club, Web Summit Fund, Frontline Ventures, Remote CEO Job van der Voort and the Taxdoo founding team also participated.

Localyze aims to facilitate global collaboration. CEO Hanna Asmussen, CRO Lisa Dahlke and CTO Franzi Löw founded the start-up in 2018. They have developed software that simplifies all aspects of employee mobility and thus supports HR departments. For example, it can be used to manage temporary transfers and automate visa applications. The software also helps with setting up a bank account or taking out insurance abroad.

"Localyze is a very relevant product as it makes the tedious process of employee mobility and relocation as efficient and seamless as possible for modern companies," says Sahar Meghani from the Visionaries Club, explaining the investment decision.

The young company now wants to use the money to drive forward its expansion in the USA and improve its product. In addition to the USA and Canada, Localyze is also planning to open up its first countries in Asia next year.