Venture Round Led by OXZ Capital Fuels Evolution of AI-Native Unified Commerce Data Intelligence

LocalExpress, the AI-native unified commerce platform serving hundreds of grocery and food retailers across the US, Canada and LatAm, today announced it has secured $6.2 million in venture funding led by OXZ Capital. This funding enables LocalExpress to pivot its advanced AI data capabilities beyond internal operations, positioning the company to become the grocery industry's premier data syndication platform while continuing to strengthen its core unified commerce solutions.

As an AI-native unified commerce platform, LocalExpress has built comprehensive AI-powered systems that harmonize and process millions of transactions and inventory updates across hundreds of retailers. The company is now serving as a data syndication source to a variety of grocery tech giants and will continue investing heavily in its AI product capabilities while significantly increasing data syndication projects across the industry.

Bagrat Safarian, CEO and Co-Founder of LocalExpress, said: "From day one of launching LocalExpress, we have been helping independents with structuring, harmonizing and enriching their grocery data. We have built a tremendous data transformation library and now with the AI revolution, we're growing our proprietary grocery data AI to become the Zapier for grocery data – seamlessly connecting and distributing intelligence across the entire tech ecosystem. This amplifies the data intelligence we've built and helps grocers make smarter decisions with timely analytics. OXZ Capital's investment and expertise will help us scale further and faster, particularly as we bring more AI-powered solutions to market that empower independent retailers to compete at the highest level."

Lester Ng, Chief Investment Officer at OXZ Capital, said: “LocalExpress stood out to us as a transformative platform at the intersection of e-commerce, AI and grocery — a sector primed for digital acceleration. This represents the first investment OXZ Capital has made outside of Asia and the first in the retail technology sector. We are excited to support the LocalExpress team as they continue to revolutionize grocery retail through unified commerce solutions.”

The fresh round of funding will also support LocalExpress in enhancing its go-to-market strategies and brand awareness with independent and regional grocers across its home markets, strengthening its mission to make advanced retail technology accessible to all food retailers.

About LocalExpress

LocalExpress is a leading AI- Native software platform built to drive omni-channel sales growth for grocery retail. Our proprietary AI-powered product catalog harmonization technology delivers a seamless, consistent and fully customizable shopping experience across e-commerce and in-store channels. Integrated with industry-leading POS, CRM/ automation, loyalty, coupon and retail media solutions, LocalExpress simplifies complex e-commerce operations and maximizes omni-channel growth.

About OXZ Capital

OXZ Capital, headquartered in Singapore, is a distinguished venture investment firm committed to empowering visionary entrepreneurs from early to late stages across transformative sectors, including technology, real estate, financial services, and beyond. Leveraging our robust in-house platform team and strategic alliances with esteemed investment partners, we deliver unparalleled expertise, resources, and global networks to enable founders to scale their ventures seamlessly across international markets and industries.

In addition to our venture capital arm, OXZ Capital encompasses a sophisticated Single-Family Office based in Singapore. This division strategically allocates capital across a diverse range of asset classes, ensuring comprehensive wealth preservation and growth, tailored to the unique objectives of our stakeholders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250909042469/en/

Bagrat Safarian, CEO and Co-Founder of LocalExpress, said: "From day one of launching LocalExpress, we have been helping independents with structuring, harmonizing and enriching their grocery data."