About eLocal
eLocal is a company based in Dresher (United States) founded in 2007 was acquired by HomeServe in November 2019.. eLocal has raised $25 million across 1 funding round from investors including HomeServe and LLR Partners. The company has 108 employees as of December 31, 2022. eLocal has completed 2 acquisitions, including Bunker Hill Labs and CityGrid. eLocal offers products and services including Pay-Per-Call Platform, Custom Dashboard, and AI-Powered Insights. eLocal operates in a competitive market with competitors including Airtasker, TalkLocal, Imandi, Romio and Markate, among others.
- Headquarter Dresher, United States
- Employees 108 as on 31 Dec, 2022
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Elocal Usa Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25 M (USD)
in 1 rounds
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Latest Funding Round
$25 M (USD), Series B
Nov 06, 2017
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Investors
HomeServe
& 1 more
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Employee Count
108
as on Dec 31, 2022
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Investments & Acquisitions
Bunker Hill Labs
& 1 more
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Acquired by
HomeServe
(Nov 19, 2019)
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Products & Services of eLocal
eLocal offers a comprehensive portfolio of products and services, including Pay-Per-Call Platform, Custom Dashboard, and AI-Powered Insights. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Connects customers to local providers through performance-based calls
Provides ROI tracking and insights for service providers
Offers recommendations to improve customer conversions
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Funding Insights of eLocal
eLocal has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Series B round of $25 million completed in November 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $25.0M
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First Round
First Round
(06 Nov 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Series B - eLocal | Valuation | LLR Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in eLocal
eLocal has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include HomeServe and LLR Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm investing in technology and healthcare businesses for growth capital.
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Founded Year | Domain | Location | |
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Home emergency insurance and repair services are provided to customers.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by eLocal
eLocal has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Bunker Hill Labs and CityGrid. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of proprietary software, analytics, and growth marketing services
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2020 | ||||
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Ad network solutions are provided across digital platforms by CityGrid.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - eLocal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Elocal Comparisons
Competitors of eLocal
eLocal operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Airtasker, TalkLocal, Imandi, Romio and Markate, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Local service professionals are hired via an online task platform.
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| domain | founded_year | HQ Location |
Online lead generation platform for multi-local services is provided.
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| domain | founded_year | HQ Location |
Operates as a marketplace connecting users with local service providers.
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| domain | founded_year | HQ Location |
Referral-based online platform for local service lead generation is provided.
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| domain | founded_year | HQ Location |
Operates a digital hub connecting users to local services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Elocal
Frequently Asked Questions about eLocal
When was eLocal founded?
eLocal was founded in 2007 and raised its 1st funding round 10 years after it was founded.
Where is eLocal located?
eLocal is headquartered in Dresher, United States. It is registered at Dresher, Pennsylvania, United States.
Is eLocal a funded company?
eLocal is a funded company, having raised a total of $25M across 1 funding round to date. The company's 1st funding round was a Series B of $25M, raised on Nov 06, 2017.
How many employees does eLocal have?
As of Dec 31, 2022, the latest employee count at eLocal is 108.
What does eLocal do?
ELocal is an online lead generation platform for local businesses operating in the USA. The company provides free listings to local businesses across multiple categories such as beauty salons and spas, bars and restaurants, car service providers, doctors, health services, home services, lawyers and more on its platform. The company earns revenues through a pay-per-call lead generation service that it upsells to businesses listed on the platform. Through this service, businesses can receive all calls generated for a particular service from a particular area and can decide whether to provide the service. Businesses interested in opting for this program are required to pay an initial deposit to the company against which charges are raised for every call. Businesses can renew the service post exhaustion of this deposit.
Who are the top competitors of eLocal?
What products or services does eLocal offer?
eLocal offers Pay-Per-Call Platform, Custom Dashboard, and AI-Powered Insights.
How many acquisitions has eLocal made?
eLocal has made 2 acquisitions, including Bunker Hill Labs, and CityGrid.
Who are eLocal's investors?
eLocal has 2 investors. Key investors include HomeServe, and LLR Partners.
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