Locpin appoints Bosham Capital Advisors (“BCA”) for £750,000 fundraise for expansion in parcel and last mile delivery markets
Locpin, the digital mapping and precise location platform, which serves the last mile parcel and service delivery markets, has appointed Bosham Capital Advisors (“BCA”) as its corporate finance advisor for the company’s upcoming capital raise.
BCA has been mandated to raise £750,000 in fully EIS-eligible equity to provide Locpin with growth capital for the next phase of its product deployment. This raise follows the signing of a global agreement with Belron, the market leader in vehicle glass repair and replacement globally.
Rollout of Locpin’s patent-pending technology is underway in the US with Safelite AutoGlass, helping to enhance their end to end customer experience by asking their customers to share precise location and vehicle details and to support technicians to find them more easily. This contract deepens the company’s relationship with Belron after Locpin won the ‘Drive with Belron’ accelerator programme in 2017, and is expected to grow with further deployments expected in Belron’s other key markets.