Locu was a publishing platform used by restaurants, local merchants, and other companies to create and distribute product and price lists, hours of operation, addresses and other data to
Yelp
Yelp Inc. is an American company that develops the Yelp.com website and the Yelp mobile app, which publish crowd-sourced reviews about businesses. It also operates Yelp Guest Manager, a table reservation service. It is headquartered in San Fra ...
,
Foursquare
Four square is a ball game.
Four square may also refer to:
Internet and entertainment
* Foursquare City Guide, a local search and discovery app
* ''4 Square'' (game show), a British game show
* ''4 Square'' (TV series), a Canadian children's s ...
, TripAdvisor, and OpenTable. The company claimed that 30,000 businesses were using the service as of August 2013.
Locu was founded by a group of
MIT
The Massachusetts Institute of Technology (MIT) is a private land-grant research university in Cambridge, Massachusetts. Established in 1861, MIT has played a key role in the development of modern technology and science, and is one of the mo ...
students in 2011 and raised $600,000 in
angel funding
An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital for a business or businesses start-up, usually in exchange for convertible debt or owners ...
.
Go Daddy
GoDaddy Inc. is an American publicly traded Internet domain registrar and web hosting company headquartered in Tempe, Arizona, and incorporated in Delaware.
, GoDaddy has more than 21 million customers and over 6,600 employees worldwide. The co ...
acquired Locu for a reported $70 million in 2013.
References
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Digital press
2013 mergers and acquisitions