Digital logistics firm Locad raised US$9 million in a pre-series B funding round co-led by Global Ventures and existing investor Reefknot Investments.

Sumitomo Equity Ventures, Antler Elevate, Febe Ventures, and JG Summit also participated in this funding round.

The funding aims to enhance Locad’s AI-driven logistics capabilities and support international expansion plans.

Locad provides a cloud-based service that streamlines supply chains for consumer brands, offering a single inventory pool and a logistics network to improve efficiency.

The platform allows brands to manage inventory across ecommerce channels, including Shopify, Amazon, and TikTok.