King & Spalding advises Global Ventures III on $9 Million Pre-Series B Funding for Locad
King & Spalding has advised Global Ventures III, a fund sponsored by the UAE-based Global Ventures, on co-leading the $9 million pre-Series B funding round for Singapore-based logistics-tech startup Locad. The round was co-led by Reefknot Investments and included participation from Sumitomo Equity Ventures, as well as existing investors Antler Elevate, Febe Ventures, and JG Summit.
Locad provides a cloud-based supply chain-as-a-service platform tailored for e-commerce brands. The company’s technology integrates multiple retail and e-commerce sales channels into a single inventory pool managed by a smart logistics network. Locad’s platform offers real-time visibility, analytics, and AI-driven workflow automation to optimize supply-chain operations.
The funding will support Locad’s international expansion, including its first ventures into the GCC, starting with the UAE and Saudi Arabia. Locad, which has primarily operated in Asia, aims to leverage the investment to strengthen its global distribution capabilities.
Global Ventures, a venture capital firm based in the UAE, focuses on enterprise technology investments in emerging markets, including the Middle East, Africa, and Pakistan.
The Team
The King & Spalding team advising on the deal was led by Macky O’Sullivan (Partner, Dubai) and Jill Cooper (Senior Associate, Singapore). The team also included James R. Stull (Dubai), Jake Downing (Chicago), Luke Edwards (Sydney), Amy Levin (London), Alexa Christianson (Northern Virginia), Antonino Meduri (Sydney), and Billy Sin (London).