Localz Close £2M Funding Round to Support Business Post-COVID
LONDON, Nov. 25, 2020,/PRNewswire/ — Localz, leading experts in digital customer engagement, location, and communications technology, announced today the closing of a £2 million venture round of funding led by London-based investment manager Triple Point. Localz will use the funding to develop its product portfolio further to support businesses with new safety measures and procedures and put a customer-centric approach to services post-COVID.
Founded in 2013, Localz is a real-time digital customer engagement platform combining real-time location tracking with two-way customer communications through a suite of configurable modules and apps. Its focus is making the day of service awesome with solutions for order collection, service delivery, and product delivery. Its location technology and automated communication workflows take the complexity out of last-mile interactions while providing excellent customer experiences.
With an ever-growing impressive client list including RAC, OVO Energy, Autoglass, Rentokil, and platform partners such as FieldAware, Masternaut, Salesforce, and ServiceMax, Localz has seen a surge in demand for its services since the start of the pandemic. With contactless services and delivery becoming the new norm, organizations seek support from Localz to deliver essential information concerning safety and service updates and provide the technology to support virtual queue systems and contactless delivery. Localz has recently launched its ‘Count Me In‘ solution, which provides real-time counting of customers for retailers to monitor in-store traffic safely. With the new funding, Localz is now developing its solutions to support field services, and retailers accelerate their digital strategies and adapt to new and enhanced ways of operating.
“There has been an unprecedented amount of pressure on organizations, in particular those who work in the retail and services industry. The Health and safety of customers and employees need to be at the forefront, but there is also heightened demand for good customer experiences. We are delighted to have received this funding so we can continue to deepen our product portfolio to support the last-mile of the retail and services industries as they navigate the new normal,” said Tim Andrew, CEO & Co-Founder at Localz.
“We are excited to be supporting the team at Localz as they continue to deliver innovative products to the retail and field services markets. We have been particularly impressed with how they have responded to the challenges of the Covid era by building new solutions to help their clients operate and remain open for business,” said Daniel Cardenas-Clark of Triple Point.
About Localz
Localz is experts at digital customer engagement, combining real-time location tracking and two-way communication to provide awesome experiences on the day of service. Localz takes the communication complexity out of the service, providing businesses with configurable solutions to deliver a frictionless customer experience.
The Localz platform enables click and collect order management, real-time tracking of the service technician, accurate ETAs, and two-way communication. Localz “on my way” messaging increases customer satisfaction and first-time access rates.
Localz is used by RAC, HSS Hire, OVO Energy, Autoglass, Rentokil, and Woolworths.
For more information: www.localz.com.
Triple Point
Investments with purpose, for profit, by people – from Triple Point.
Triple Point is the place where people, purpose, and profit meet. Since 2004, we’ve been targeting this Triple Point in areas like infrastructure, energy efficiency, and social housing, unlocking investment opportunities that make a difference. We manage over £1.8bn of private, institutional, and public capital across four distinct investment strategies. Each of these strategies helps solve a problem society faces, and each one creates opportunities for investors. Our investments transform public services, get businesses off the ground, and even kickstart whole markets.
SOURCE Localz
