Local Logic, a location intelligence platform that provides powerful insights for homebuyers, real estate professionals, and developers, today announced that it has raised a total of $8 million CAD ($6.1 million US) in funding.
The funding includes equity and debt, with participation from Shadow Ventures, BDC Capital, Jones Boys Ventures, Cycle Capital, and Desjardins Capital. The round was led by GroundBreak Ventures, a Toronto-based VC focused on Property Technology.
Read More :Â PARSIQ Now Allows Chainlink Price Feeds to Trigger Off-Chain Actions and Trading Decisions
Local Logic offers the single largest location intelligence data set in North America — incorporating over 30 billion data points spanning more than 200 million properties across the U.S. and Canada. By combining traditional real estate data, such as property history, demographics, and market comparisons, with a vast trove of other alternative data sources, its platform brings transparency to the real estate market by building a digital representation of cities and analyzing how external factors such as noise, vibrancy, walkability, transit access, and quality of schools impact market demand.
Local Logic’s location intelligence allows for a new breed of placemaking — one driven not by gut feeling and intuition, but by data encompassing all the elements of the real estate market and the built environment. Through access to accurate, real-time data, Local Logic seeks to empower the public and private sectors to understand and respond to the needs of citizens — creating long-term value and more equitable, resilient places to live.
Read More :Â GlobalFintechSeries Interview with Chyna Qu, Co-Founder and COO at DeFiner
Local Logic’s one-of-a-kind platform empowers a wide range of customers by providing robust insights on not just properties, but the broader built environment in which they exist.
By providing highly accurate, real-time data and analysis that help them better understand a neighborhood’s complex ecosystem, Local Logic’s proprietary platform guides homebuyers, apartment seekers and their real estate agents to properties and locations that fit their individual preferences.
Local Logic also equips real estate investors, developers and other professionals with a more holistic picture of any given market and related consumer demand. This analysis creates new levels of certainty around property-level attributes that have long been treated as subjective, helping them to determine the highest and best use of any specific asset and enabling more accurate, efficient, and successful investment decisions.
Read More :Â 5 Fintech Trends From 2020!
