Local Logic is a location intelligence platform that digitizes the built world to create a digital twin of cities, using more than 85 billion data points and modeling over 250 million individual addresses. Its predictive analytics inform consumers, investors, developers, and governments and are used across the real estate market. The company reports more than 15 million monthly users for its consumer solutions. Local Logic’s platform offers precise, predictive analytics to quantify neighborhoods and forecast latent housing demand. The company plans to accelerate its predictive capabilities, expand partnerships with broker sites and MLS organizations, and augment its product suite with new PropTech solutions. Management says proceeds will support customer penetration, expanded product lines, and growth of go-to-market teams. Local Logic operates a location intelligence and analytics platform that quantifies qualities of any given location by combining geospatial, user-generated, and traditional real estate data with many alternative data sources. Its dataset spans more than 30 billion unique data points covering over 200 million properties across the U.S. and Canada, used to analyze factors like noise, vibrancy, walkability, transit access, and school quality. The platform surfaces real-time, predictive analytics to guide homebuyers, apartment seekers, agents, investors, developers, and urban planners toward more informed decisions. Local Logic emphasizes replacing subjective judgments with data to determine property-level attributes and the highest and best use of assets. The company has formed partnerships with real estate developers, property managers, portals, and data providers including DevMcGill, Ivanhoe Cambridge, Midwood, RE/MAX, CoreLogic, Zumper, and Realtor.ca. Proceeds from the recent financing will be used to bolster recruitment and expand the platform across North America. Local Logic develops technology that combines geospatial and user-generated usage data to quantify the qualities of any given location within a city. Its product is used to guide consumers looking for real estate or travel accommodations. The company counts clients including Centris and Sotheby’s International Realty Canada. Led by CEO Vincent-Charles Hodder and CPO Gabriel Damant-Sirois, Local Logic focuses on urban data collection and analysis. It closed a $1.15M first funding round to support growth. The company intends to use the funds to grow the team and expand its technology throughout the North American market.

Total raised

$20M

Funding rounds

4

Latest round

Series B

Latest activity

Aug 2023