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September 7, 2022

35 million US dollars in Series B round for Hamburg-based startup Localyze

© Localyze: the founders Franziska Löw, Lisa Dahlke and Hanna Asmussen
© Localyze: the founders Franziska Löw, Lisa Dahlke and Hanna Asmussen

Localyze helps companies to overcome hurdles in hiring and integrating international professionals more easily. A service that is increasingly in demand and has now convinced a number of investors to close a 35 million US dollars Series B round. Among them are U.S. VC firm General Catalyst. the Visionaries Club, Web Summit Fund, Frontline Ventures, Remote CEO Job van der Voort and the founding team of Hamburg-based startup Taxdoo.

Localyze was founded in 2018 by Hanna Asmussen (CEO), Lisa Dahlke (COO), Franziska Löw (CTO). The startup's success is due in no small part to the fact that the battle for the best professionals and talent is becoming increasingly fierce worldwide. However, integrating personnel from abroad often involves a great deal of effort, especially when it comes to legal and bureaucratic issues. This is where Localyze relieves companies of much of the work.

Localyze sets its sights on the US market

Localyze's rise began when it was accepted into the second batch of Hamburg's Next Commerce Accelerator (NCA). The startup reached an international milestone when it landed a spot at Y-Combinator, an accelerator in Sillicon Valley, in 2019. This also marked the beginning of Localyze's close ties to the US. To gain a better foothold there, the Hamburg-based company recently acquired TruPlan, an HR startup based in San Francisco.

In her commentary on LinkedIn about the current events, CEO Hanna Asmussen refers to an earlier financing round of 12 million US dollars and announces the further plans for the US market:

The round was closed almost in the same calendar week as our Series A last year and the 12 months in between have been an incredible ride. We grew our customer base to almost 500 companies, our revenues 6xd, and we helped over 10.000 people move across borders…We have some exciting things on the roadmap: Continue investing in the best possible talent experience and bringing the Localyze experience across the Atlantic.
Hanna Asmussen, CEO of Localyze

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