Local Logic – a leading location intelligence insights provider that quantifies location at scale to drive better real estate decisions – recently announced the closing of $13 million in Series B financing led by GroundBreak Ventures and Investissement Québec. This funding round also included participation from notable investors, including Band Capital Partners, an affiliate of Triovest Realty Advisors, Cycle Capital, Desjardins Group, Jones Boys Ventures, Second Century Ventures, and Shadow Ventures. And Local Logic plans to leverage this new funding to help the real estate industry further understand and predict the impact of location. This funding round brings the total funding to $19 million.
Local Logic offers the industry with granular, proprietary, and actionable location insights to understand how the built world impacts the risk and return of real estate investment decisions of all scales and at all levels of sophistication. And the new funding round will help accelerate the company’s predictive capabilities, which allow users to predict latent demand for housing and understand how neighborhoods evolve. Going forward, the company will look to expand its partnerships with broker sites and MLS organizations to impact every real estate decision in the United States and Canada. Plus, Local Logic will augment its product suite with new PropTech solutions geared to democratize location insights.
Beyond empowering investment decisions, Local Logic also offers insights to help governments make policy and regulation decisions regarding residential real estate that impact the sustainability and livability of our cities. And the company’s insights are used across the $217 trillion real estate market, making location universally understandable and actionable for investors, developers, and governments. More tahn 15 million monthly users leverage its consumer solutions.
KEY QUOTES:
“Many factors go into making real estate investment and development decisions, and location is not often one of them. We believe in Local Logic’s mission to make cities more sustainable by bringing deep insight into location-based risk and opportunity to actors making high-consequence decisions in housing and the built environment. We’re excited to contribute to the company’s long-term goals of uncovering more critical location insights to inform consumers and real estate investors.”
― Scott Kaplanis, Managing Partner, GroundBreak Ventures
“We are proud to support two rising-star entrepreneurs in this new round of financing. With our partners in Québec’s financial ecosystem, we will endeavor to fill the gaps in the capital chain and further the emergence of new technologies, from conception to sales.”
― Guy LeBlanc, President and CEO of Investissement Québec
“This round of funding represents a significant milestone for Local Logic. With an increasingly complex real estate market, our proprietary insights have become crucial in understanding location’s impact on ROI. With significant growth in size, notable partnerships, and prestigious awards, we’re at the forefront of the industry, providing actionable location-based insights.”
― Vincent-Charles Hodder, CEO and co-founder of Local Logic
