Localyze receives $35 million

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

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

Localyze aims to facilitate global collaboration. CEO Hanna Asmussen, CRO Lisa Dahlke and CTO Franzi Löw founded the startup for this purpose in 2018. They have developed software that is intended to simplify all aspects of employee mobility and thus support HR departments. It can be used, for example, 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 because it makes the tedious process of employee mobility and relocation as efficient and seamless as possible for modern businesses," says Sahar Meghani of the Visionaries Club, explaining the investment decision.

The young company now plans to use the money to drive its expansion in the U.S. and improve its product. In addition to the USA and Canada, Localyze plans to open up its first countries in Asia next year.