Locally, Leading Online-to-Offline Shopping Solution, Secures Series A Funding
Industry Pioneer Connects 56 Million Monthly Consumers with Local Retailers Streamlining the Buying Journey
NEW ORLEANS (March 7, 2024) – Locally, the leading technology provider bridging online and offline retail, today announced a significant growth equity investment led by Corbel Capital Partners, in Los Angeles and Valency Capital of Connecticut. With this capital, Locally will fuel technology development and platform services and enhance sales and marketing initiatives. Specifically, Locally will grow its team, expand into adjacent industries, and raise its visibility with consumers, brands and retailers, including participation at this month’s Shoptalk (Booth 741), the leading retail innovation conference March 17-20 in Las Vegas.
“This investment accelerates our lead in the market, supporting our drive to redefine how brands and retailers collaborate to grow sales,” said Mike Massey, founder and CEO at Locally. “Our proprietary solution, with millions of data points, transforms how brands interact with their customers, making those interactions more impactful and personal.”
Over 1,000 brands rely on Locally to connect online and offline shopping with over 30,000 retailers. Locally’s best-in-class tools, powered by real-time local inventory data, allows consumers to shop online and pick-up their goods in stores nearby, regardless of location.
“Locally has cracked the code in helping brands and retailers offer consumers a convenient, local shopping experience online,” said Robert Farinholt, founder and managing partner at Valency Capital. “We look forward to supporting Locally’s momentum in existing and new industries.”
“Locally’s distinct advantage is that it facilitates a seamless shopping experience,” said Brian Yoon, managing director at Corbel Capital Partners. “Their platform gives shoppers complete control over their purchasing decision. Locally is poised for growth in a diverse retail landscape; we are happy to partner with their impressive team.”
For more information or to sign-up for Locally for your brand, visit: https://join.locally.com/
Corbel Capital Partners is a Los Angeles-based independent investment firm that makes creatively tailored structured debt or equity investments in lower-market businesses and partners with management to create value. Corbel Capital Partners manages approximately $1 billion of institutional capital across multiple funds on behalf of its network of investors. Visit www.corbelcap.com for more information.
Valency Capital is a Connecticut based private equity firm focused on high growth consumer, retail and technology brands led by talented management teams. Founded by Robert Farinholt, Valency Capital provides founder-led businesses with capital and experience to support future growth and development. Visit www.valencycapital.com for more information.
Locally creates an integrated shopping experience for consumers by bridging online and offline retail. With proprietary technology implemented by over 1,000 major brands, Locally is the industry leader in online-to-offline shopping solutions. Locally’s tools are powered by real-time inventory from over 21,000 retailers worldwide and are utilized by millions of shoppers every month. To learn more about Locally’s online-to-offline shopping solutions, visit join.locally.com.
Contact: Charlotte Daher de Garcia, CGPR
