Alocalo

Germany
Friedrichsthal, Saarland, Germany, 66299

Company profile

Alocalo company profile

Alocalo provides end consumers with a system that suggests nearby retailers to them when searching for a more popular online retailer. It develops a search algorithm that can recognize the product that is displayed when the user searches for it and propose, in less than a second, a replacement in a nearby store. In addition, the plug-in provides the user with information about the name, location, contact information, and distance to the nearby store. Alocalo's technology makes use of the first self-learning AI platform for merchants to achieve these features. With the support of this network, small retailers may avoid losing market share to well-established internet rivals, keeping city centers vibrant with neighborhood shops.

Business identity

Contact email
[email protected]
Operating status
Active
Company type
For Profit
Employee range
11-50 employees
Revenue range
$0-$1M
Founded
2021-01-01, Year

Headquarters

Postal code
66299
Country code
DE
Continent
Europe

Capital profile

Funding and company signals

Funding rounds
1
Last funding
Grant / $2.4M / 2022-03-23
Investors
1
Lead investors
1

Founders and investors

Lead investors

European Innovation Council

Investors

European Innovation Council