Localmind
Latest round
- Seed
Last raised
- Jul 2011
Total raised
- $0.6M
Investors
- 3
About Localmind
Localmind, founded in 2011 and headquartered in Montreal, Canada, operates a location-based messaging platform aimed at improving community interactions. The company underwent a significant transition when it was acquired by Airbnb in December 2012 from Granite Ventures, iNovia Capital, and Real Ventures for an undisclosed sum. The founders' background is not publicly detailed, and there are no references to subsidiaries or previous companies founded by them.Localmind offers innovative products designed to enhance user engagement and community interaction. Central to their offerings is a location-based messaging platform that allows users to connect and share insights about specific venues in real time. This service primarily caters to consumers seeking immediate information and recommendations about local establishments, such as restaurants and events, enabling informed decision-making for their outings. As a pioneering solution in the social networking landscape, Localmind engages a diverse client base that includes local businesses, event organizers, and consumers, all utilizing the platform to enhance their visibility and foster community connections.Localmind generates revenue through a subscription model that targets both businesses and end users. Businesses subscribe to the platform to increase their visibility and engage with potential customers, while consumers access the service for free, supported by targeted advertisements from partner brands. This model allows for a B2B revenue stream through subscriptions and a B2C component where businesses pay for promotional placements. Localmind's flagship service is structured to facilitate timely and relevant interactions, encouraging businesses to invest in premium features that enhance their outreach efforts.Localmind's strategy for future growth includes the design and launch of new products aimed at improving user engagement and community interactions. Although specific product launch dates are not disclosed, the company is focusing on enhancing its platform's features. The company plans to expand into new geographic markets, particularly targeting additional urban centers in North America and Europe by the end of 2023. The acquisition by Airbnb in December 2012 indicates a strong interest in integrating Localmind's capabilities into larger ecosystems, suggesting potential synergies and growth opportunities.
Who invested in Localmind
3 investors across 1 round
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Funding rounds
Seed
Jul 13, 2011
Amount
$0.6M
Investors
Questions about Localmind
Who invested in Localmind?
Localmind has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Localmind raised?
Localmind has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Localmind last raise money?
Localmind's most recent round on record is a Seed, in Jul 2011.
What does Localmind do?
Localmind, founded in 2011 and headquartered in Montreal, Canada, operates a location-based messaging platform aimed at improving community interactions.
Where is Localmind headquartered?
Localmind is headquartered in Montreal, Canada.
Which VCs invest in companies like Localmind?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at Localmind's stage. Their profiles are linked below.
VCs backing internet startups at Seed
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