About Locals
Locals is a company based in New York (United States) founded in 2019 by Dave Rubin was acquired by Rumble in October 2021.. Locals has raised $4.88 million across 2 funding rounds from investors including Rumble. Locals operates in a competitive market with competitors including Acast, Libsyn, Buy Me A Coffee, Cleeng and Hubhopper, among others.
- Headquarter New York, United States
- Founders Dave Rubin
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Sectors
Media & Entertainment
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Email
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Phone
*********
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Website
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Social
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Funding Insights of Locals
Locals has successfully raised a total of $4.88M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.83 million completed in March 2021. 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 Series A — $3.8M
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First Round
First Round
(20 Apr 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series A - Locals | Valuation |
investors |
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| Apr, 2020 | Amount | Seed - Locals | Valuation |
investors |
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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 Locals
Locals has secured backing from 1 investor. Prominent investors backing the company include Rumble. 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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Video creator monetization platform
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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 Locals
| 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 - Locals
| 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 |
Locals Comparisons
Competitors of Locals
Locals 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 Acast, Libsyn, Buy Me A Coffee, Cleeng and Hubhopper, 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 |
Podcast creation, management, and aggregation services are provided globally.
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| domain | founded_year | HQ Location |
Podcast hosting and publishing services are provided by Libsyn.
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| domain | founded_year | HQ Location |
Content monetization solutions are provided for creators and artists.
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| domain | founded_year | HQ Location |
Subscriber management systems are provided for digital services.
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| domain | founded_year | HQ Location |
Cloud-based platform for podcast management
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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 Locals
Frequently Asked Questions about Locals
When was Locals founded?
Locals was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Locals located?
Locals is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Locals a funded company?
Locals is a funded company, having raised a total of $4.88M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.05M, raised on Apr 20, 2020.
What does Locals do?
Locals was established in 2019 in New York, United States, as a digital platform in the creator economy sector. Subscription services are utilized to foster fan interactions. Multimedia content including videos, photos, podcasts, messages, and polls is posted by users. Event tickets are sold, and exclusive materials are delivered to subscribers. The platform is made available via Android and iOS applications.
Who are Locals's investors?
Locals has 1 investor. Key investors include Rumble.
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