Leegality, Localyze and Toqio raises funds
Y-combinator-backed Localyze lands $12 million in a Series A round led by Blossom Capital for a solution that facilitates cross-border employee migration and recruiting.
Localyze, a SaaS business located in Hamburg, Germany, is an innovative firm that assists overseas workers during the relocation process. This is accomplished through a comprehensive software solution platform that addresses everything from visa requirements to social integration.
Founders of Toqio, Eduardo Martnez and Michael Galvin are serial entrepreneurs who previously established the small SaaS startup Geniac, which was bought by Grant Thornton.
WIth the recent funding of £6.9 million, Toqio plans to hire workers for its new UK office. With offices in Madrid and London and a team of 19, the founders plan to scale the number to 100 with the new funding.
“We initially launched to market in the UK and it was where our initial go-to-market efforts have been,” says Michael Galvin, CCO and co-founder
He further adds, “In anticipation of the funding round, we began scaling up our London based commercial team which will encompass sales, partnerships, marketing and customer success. The London portion of this team is currently four, and we plan to grow the overall commercial team size to about 15 in the next 12 months.”
Gurgaon-based startup Leegality raises funds from IIFL And Mumbai Angels in a Pre-Series A funding round. Founded in 2016, they provide a digital signature and document workflow platform that enables businesses to handle documents in an efficient, easy, and legally compliant manner.
According to Leegality, their sales have increased tenfold in the previous two years, and the company has been cash-flow positive since last year. Businesses of all sizes, industries, verticals, and use-cases use the startup's horizontal offering, which is tailored for the Indian market.