Locationary, Inc., a Toronto, Canada- and Palo Alto, California-based provider of mobile & web solutions to manage local business places information, has secured $2.5m in funding.
Investors include new backers the Investment Accelerator Fund (IAF) and Trellis Capital and existing shareholders Extreme Venture Partners, Plazacorp Ventures, Angels and Management.
Locationary intends to use the funds to develop and launch its cloud-based, local data management system, which is designed to engage and empower users to collect, enhance, and distribute local business places data.
Led by CEO and Founder Grant Ritchie, COO Dan Servos, and CTO Andrew Radin, the company offers a free platform, specialized tools, and access to data updates from a global community, business owners, and other publishers. Publishers can use the specialized tools to enhance their proprietary data, or to synchronize it with other authorized partners, while accessing an extensive, federated database with more than 25 million profiles in 190 countries, maintained in over 40 languages.
FinSMEs
28/07/2011