Townsquared, a San Francisco, CA-based online community designed for small businesses to connect and share resources with each other, raised $5.26M in funding.
The round was led by Floodgate and August Capital.
The company will use the funds to continue to grow and expand into new markets.
Founded in 2013 by Rohit Prakash and Nipul Patel, Townsquared provides an online community designed to allow neighborhood businesses to connect them to other businesses and local resources.
The company, which currently works with thousands of small businesses across the country, has just announced a mobile application for iOS users, which will allow small businesses to share expertise and best practices, receive the latest neighborhood news, organize local promotions and events, and send and receive crime and safety alerts in real-time.