About Localmind
Localmind is a company based in San Francisco (United States) founded in 2010 was acquired by Airbnb in December 2012.. Localmind has raised $650 thousand across 2 funding rounds from investors including Airbnb, Granite Ventures and Inovia Capital. Localmind operates in a competitive market with competitors including MeetMe, Meetup, Going, Loopt and Pelago, among others.
- Headquarter San Francisco, United States
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Sectors
Travel & HospitalityMedia & Entertainment
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Phone
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Website
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Social
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Funding Insights of Localmind
Localmind has successfully raised a total of $650K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $600 thousand completed in July 2011. 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 2
- Last Round Seed — $600,000
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First Round
First Round
(01 Nov 2010)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2011 | Amount | Seed - Localmind | Valuation |
investors |
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| Nov, 2010 | Amount | Seed - Localmind | Valuation | Year One Labs |
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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 Localmind
Localmind has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Airbnb, Granite Ventures and Inovia Capital. 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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Early-stage US tech companies are invested in by the firm.
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Founded Year | Domain | Location | |
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Investments are made in early-stage technology companies by Inovia Capital.
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided to Canadian technology startups by Real Ventures.
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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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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 Localmind
| 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 |
Financial Statements - Localmind
| 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 |
Localmind Comparisons
Competitors of Localmind
Localmind 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 MeetMe, Meetup, Going, Loopt and Pelago, 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 |
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| domain | founded_year | HQ Location |
New people are connected via a GPS-enabled social platform.
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| domain | founded_year | HQ Location |
People are connected via app-based groups for shared interests.
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| domain | founded_year | HQ Location |
Flight deals and price alerts are provided by Going.
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| domain | founded_year | HQ Location |
Selective location sharing is enabled via a social networking app.
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| domain | founded_year | HQ Location |
Location-based service
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| domain | founded_year | HQ Location |
Travel Q&A is facilitated through an online social platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Localmind
When was Localmind founded?
Localmind was founded in 2010.
Where is Localmind located?
Localmind is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Localmind a funded company?
Localmind is a funded company, having raised a total of $650K across 2 funding rounds to date. The company's 1st funding round was a Seed of $50K, raised on Nov 01, 2010.
What does Localmind do?
Localmind was founded in 2010 in San Francisco, United States, within the technology sector focused on location-based services. Operations involve connecting users anonymously to individuals at specific global locations, enabling real-time questions and responses about on-site conditions. This service facilitates temporary, location-specific interactions without user identification. The company was acquired by Airbnb in 2012.
Who are the top competitors of Localmind?
Who are Localmind's investors?
Localmind has 5 investors. Key investors include Airbnb, Granite Ventures, Inovia Capital, Real Ventures, and Year One Labs.