Localmind Raises $600,000 in Seed Funding

July 13, 2011 11:03 am 6 comments

Share this Article

Author:

Tags:

localmind logoLocalmind has just announced a seed funding round of $600,000 led by Granite Ventures, based in San Francisco. The company was originally funded by Year One Labs in Montreal. The founding team, Lenny Rachitsky and Beau Haugh, are now moving to San Francisco.

Localmind leverages check-in services like Foursquare, Gowalla, and Facebook Places to make powerful, real-time location-based Q&A the best way of discovering a city. The company originally launched an iPhone app, followed by Android and iPad apps. They released an open API as well, and with newly infused capital, Localmind will continue to expand its “omniscience-as-a-service” platform with high-quality, timely, relevant user experiences.

Along with Granite Ventures, the new investors include: iNovia Capital, Real Ventures, Ian Sobieski, Peter Bordes, Ty Danco, Zack Aarons and Ash Jhaveri. The investors are a combination of venture funds and prominent angel investors based in Montreal and across the United States.

For more information, you can check out Localmind’s blog post

Disclosure: I’m a Founding Partner of Year One Labs, which means I’m an investor in the company.

Related posts:

  1. Android Developer Job at Localmind
  2. Modasuite Raises Seed Financing from Real Ventures, Anges Quebec Investors and Bolidea
  3. Localmind Declared Best App at SXSW by Robert Scoble
  4. Year One Labs Makes 3rd Investment in Startup nCentiv.es
  5. Localmind Wins the Where 2.0 Startup Showcase
  • http://www.techentrepreneurship.com Helge Seetzen

    Congratulations!

  • http://twitter.com/rogerchabra Roger Chabra

    Congrats to everyone involved here, especially Lenny and Beau from Localmind and Ben and Ray from YearOne Labs. This is a great story that is a testament to be burgeoning startup scene in Montreal. We will all be watching their progress with a keen eye.

  • http://www.linkedin.com/in/scottjhoward ScottjHoward

    Great Canadian startup news. Question, how does a Canadian founded company, and I assume Canadian team move to the US? Not on the braindrain debate here, this business needs to be in the Valley to matter. Curious about the VISA / Immigration / Legal issues. 

  • http://www.instigatorblog.com Benjamin Yoskovitz

    Scott – Lenny and Beau are originally from San Diego, they came to Montreal to work with Year One Labs, with always the intention of moving back.

  • http://www.linkedin.com/in/scottjhoward ScottjHoward

    So my assumption that Canadians moving their Canadian startup south of the border is ‘wicked hard’ remains intact?

  • http://www.instigatorblog.com Benjamin Yoskovitz

    There are definitely visa challenges with moving to the US as an entrepreneur. They’re working on it down south to make it easier … but right now it’s tough.

  • http://inoviacapital.com/2011/07/localmind-gets-seed-funded-by-inovia-capital-granite-ventures-and-real-ventures/ Localmind gets seed funded by iNovia Capital, Granite Ventures and Real Ventures | iNovia Capital

    [...] Localmind raises $600k in Seed Funding by nextMontreal [...]

  • http://inoviacapital.com/2011/07/localmind-closes-seed-financing-round/ Localmind closes seed financing round | iNovia Capital

    [...] Localmind raises $600k in Seed Funding by nextMontreal [...]

  • http://inoviacapital.com/2011/07/localmind-clot-une-etape-de-financement-initial/ Localmind clôt une étape de financement initial | iNovia Capital

    [...] obtient 600 000 $ en financement de démarrage, sur nextMontreal (en anglais [...]