Localyze, a Hamburg-based start-up, has raised US$35 million (around €35 million) in fresh capital in a Series B funding round. The investor round was led by US VC fund General Catalyst, which was advised by a Taylor Wessing team led by Berlin partner and VC expert Dr Norman Röchert on all German law aspects related to the funding round.
In addition to General Catalyst, Visionaries Club, Web Summit Fund, Frontline Ventures, the founding team of Taxdoo and Job van der Voort, CEO of Remote, also invested in the global employee mobility platform. Localyze's SaaS platform is aimed at HR departments of companies that employ staff abroad and need support in moving employees to another country. The three female founders want to use the newly raised capital to drive Localyze's expansion in the North American market. In the course of the financing round, the company also acquires TruePlan from San Francisco.
General Catalyst invests in companies from seed to growth stage with technologies that have the potential to become global brands. Current portfolio companies include Airbnb, Stripe, HubSpot, Snap, Gusto, Warby Parker, Oscar, Deliveroo and Lemonade.
Legal advisors General Catalyst
Taylor Wessing Germany: Lead Dr. Norman Röchert (Partner), Yanick Sambulski (Associate), both M&A/Venture Capital, Nico Jänicke (Partner), Maria Freiin von Rosen (Associate), both Employment, Pensions & Mobility, Dr. Gregor Schmid (Partner, IP/IT), Dr. Timm Düwel (Associate), Nathalie Markmann (Associate), both Technology, Media & Telecoms, Dr. Tim Wünnemann (Partner, Disputes & Investigations), all Berlin.