# LocBox

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/locbox

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.getlocbox.com
- Total disclosed funding: $5.1M
- Latest round: Series A (Oct 31, 2012)
- Investors on record: 5

## About

LocBox develops innovative location-based solutions to enhance customer engagement and streamline operations for businesses. Their technology utilizes geolocation data for improved decision-making, targeting, and service customization.Founded in 2010, LocBox operates from its headquarters in San Francisco, US. The company specializes in location-based technology solutions. In its journey, LocBox has successfully secured funding, including a Series A round led by InterWest Partners, raising a total of USD 5.1 mn with participation from investors like 500 Global, Accel, and GV. The CEO of the company is Sterling Sansing.GetLocBox specializes in innovative location-based solutions designed to enhance customer engagement and operational efficiency for businesses. Their core offerings include a suite of tools that leverage geolocation technology to provide real-time insights into customer behavior and preferences. These products aim to solve challenges related to customer targeting and resource optimization by allowing businesses to tailor their services based on precise location data. The company serves a diverse clientele, including retail chains, hospitality providers, and service-oriented businesses, focusing on markets in North America, Europe, and parts of Asia. By delivering a comprehensive platform that integrates analytics and location tracking, GetLocBox facilitates enhanced decision-making and customer interaction for businesses looking to capitalize on location-driven opportunities.The revenue model employed by GetLocBox revolves around subscription-based services, where clients pay for access to their suite of location intelligence tools. Typically, businesses enter into contracts that provide tiered pricing based on the features and the scale of usage required. For instance, a major retail chain might engage in a partnership that allows for the integration of GetLocBox’s systems across multiple store locations, enabling them to access valuable data analytics on customer foot traffic and engagement levels. This structured transactional approach ensures a steady stream of revenue while allowing clients to benefit from ongoing updates and enhancements to the platform’s capabilities. The pricing plans are structured to accommodate a variety of business sizes, ensuring that both large enterprises and smaller businesses can leverage the technology effectively.LocBox is focused on expanding its product offerings with new innovative features set to be released in the upcoming year. The company aims to penetrate additional geographic markets, specifically targeting regions in Asia and South America by the end of 2024. The recent funding from the Series A round will be utilized to support these initiatives, including product development and market expansion efforts. Additionally, it should be noted that InterWest Partners has sold its investment in LocBox.

## Funding rounds

- Series A, Oct 31, 2012, $5.1M — Accel, InterWest Partners, GV, 500 Global
- Seed, Mar 1, 2011 — AngelPad

## Investors

- AngelPad (https://capitalatlas.ai/funds/angelpad) — Seed
- Accel (https://capitalatlas.ai/funds/accel) — Series A
- InterWest Partners (https://capitalatlas.ai/funds/interwest-partners) — Series A
- GV (https://capitalatlas.ai/funds/gv) — Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A