Locu Raises $623K in Seed Funding

Locu, formerly known as Goodplates, has closed a seed funding round in which they raised $623,000. CEO Rene Reinsberg noted that investors were diverse and came from both the west and east coast: “That includes Boston angel investor and HubSpot founder Dharmesh Shah (also an investor in Xconomy), as well as Factual CEO Gil Elbaz, Cloudera founder and chief scientist Jeff Hammerbacher, and Google engineering manager Bruno Bowden on the West Coast. Reinsberg says the startup, whose founding team is largely techies, used AngelList to find many of its seed investors.”

The article continues, “Locu got its start under the name Goodplates and was previously developing an app that allowed consumers to share and rate specific dishes they’ve eaten at restaurants. It’s no longer focusing on that technology, but is now working to launch a new app called MenuPlatform, designed to help restaurants better manage their menu content on the Web. The Locu founding team met at an MIT graduate class called Linked Data Ventures, taught by Tim Berners-Lee and designed to foster practical applications of linked data technologies. Locu’s website says the company aims to create ‘the world’s largest semantically annotated repository of real-time small-business data.’”

Image: Courtesy Locu