About Townsquared
Townsquared is a Media & Entertainment company based in San Francisco (United States) founded in 2013, and was acquired by UpCurve in June 2019. Neighborhood businesses and residents are connected through a secure platform. Townsquared has raised $22.23 million across 3 funding rounds from investors including Intuit, Sierra Ventures and Jocelyn Goldfein. Townsquared has completed 1 acquisition, including Vooplan. The company was acqui-hired. Townsquared offers products and services including Content Platform and Messaging Platform. Its focus areas include Consumer, Social Platforms, Professionals and Local Business Owners. Its competitors include Alignable, Insider Pages and Hellofriend; 2 of its 3 listed competitors have raised funding.
Company details
Founded in 2013 in San Francisco, United States, Townsquared operates as a private platform in the local networking sector. Connections are facilitated between businesses and neighborhood residents for communication and collaboration. Access is provided to directories, local issue discussions, business expertise, safety alerts, and staff profiles. Resources are shared among businesses to support development, with operations focused on secure, community-based interactions.
- Headquarters San Francisco, United States
- Stage Acquired
- SectorsMedia & Entertainment
- Website townsquared.com
- Social LinkedIn X Facebook
- Acquired by UpCurve (Jun 2019)
Products & Services of Townsquared
Townsquared offers a comprehensive portfolio of products and services, including Content Platform and Messaging Platform.
Delivers articles on business tips and strategies
Enhances communication tools for business operations
Funding Insights of Townsquared
Townsquared has successfully raised a total of $22.23M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $11.5 million completed in August 2016. 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 $22.23M
- Total Rounds 3
- Last Round Series B — $11.5M
- First Round $5.36M
(Feb 2014)
- Investors Count 6
All 3 funding rounds of Townsquared with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2016 | $11.5M | Series B | – | Sierra Ventures, Intuit | |
| Mar 2014 | $5.36M | Series A | – | Floodgate, August Capital | – |
| Feb 2014 | $5.36M | Series A | – | – |
7 investors in total: 5 institutional and 2 angel.
Investors in Townsquared
Townsquared has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Intuit, Sierra Ventures and Jocelyn Goldfein.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments in AI, healthcare, and enterprise technologies. | sierraventures.com | |||
Early-stage investments are focused on by Floodgate in US startups. | floodgate.com | Menlo Park, United States | ||
Venture capital is invested personally in fewer enterprises, with support provided for building game-changing businesses. | augustcap.com | |||
Financial and accounting software is developed for businesses and individuals. | 1983 | intuit.com | Mountain View, United States | |
Provides Google-based integration for CRM, productivity, telephony, and cyber security services. | 2010 | upcurve.com | Quincy, United States | |
JG Jocelyn Goldfein | Angel investor, ex-Facebook exec, focused on tech startups | unknown_42dea4e2b6de46649 | ||
PM Pravin Madhani | Angel investor and entrepreneur, co-founder of K2 Cyber Security, based in India. | unknown_7e0d378b907442518 |
Investor details for Townsquared
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Investments & Acquisitions by Townsquared
Townsquared has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Vooplan.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Messaging solutions are provided for user chats with people. | vooplan.com | San Francisco, United States | 2015 | Mar 2017 | •••• |
Complete acquisition details for Townsquared
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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Timeline of Townsquared
Competitors of Townsquared
Townsquared has 3 listed competitors in our database, 2 of them funded. They include Alignable, Insider Pages and Hellofriend.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| alignable.com | 2012 | Boston, United States | $19.92M | Social platform for small business owners | ||
| insiderpages.com | 2004 | San Francisco, United States | $8.5M | 126 | Web portal which offers recommendation on Local Services | |
| joinhellofriend.com | 2016 | Cambridge, United States | Online local event discovery platform is operated for user connections. |
Detailed competitors of Townsquared
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Top companies in Social Platforms
3 companies that operate in the same segment as Townsquared (Social Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Metaverse platforms and VR devices are developed for immersive interactions. | 2004 | Menlo Park, California, United States | USD 200.97 B | |||
Online social networking and communication services are provided globally. | 2004 | Menlo Park, California, United States | USD 1.77 B | 23,339 | ||
ESports social video streaming platform | 2006 | San Francisco, California, United States | USD 35.12 M |
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Related news about Townsquared
Complete news archive for Townsquared
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Frequently Asked Questions about Townsquared
Townsquared was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Townsquared is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Townsquared is a funded company, having raised a total of $22.23M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5.36M, raised on Feb 2014.
Founded in 2013 in San Francisco, United States, Townsquared operates as a private platform in the local networking sector. Connections are facilitated between businesses and neighborhood residents for communication and collaboration. Access is provided to directories, local issue discussions, business expertise, safety alerts, and staff profiles. Resources are shared among businesses to support development, with operations focused on secure, community-based interactions.
Townsquared's top competitors include Alignable, Insider Pages and Hellofriend.
Townsquared offers Content Platform and Messaging Platform.
Townsquared has made 1 acquisition, including Vooplan.
Townsquared has 7 investors. Key investors include Intuit, Sierra Ventures, Jocelyn Goldfein, Pravin Madhani, and Floodgate.
Yes. Townsquared was acquired by UpCurve in June 2019.