Montreal-born Startup Acquired by Airbnb

Posted by Techvibes NewsDesk

Tech evangelist Robert Scoble called Montreal's Localmind the best app at SXSW in 2011. Shortly after they raised $600K in angel funding led by Granite Ventures with Real Ventures and iNovia Capital also participating.

Localmind is an iPhone app that uses geo-location to answer questions you have about a location. Ask Localmind a question, and the app finds another user at the location you need info about, and delivers the question to them.

For example, you could ask if there is a wait for a restaurant you want to visit, or you could find out if a product is available at a store, and get a response from a living, breathing human being.

Today Airbnb announced that they have acquired Localmind's technology, intellectual property, product, and three-person team.

According to their announcement post, "We love Localmind's product - a platform that lets users crowdsource wisdom about what's happening on the local scene in real time. Even more than that, we think the Localmind team (Lenny Rachitsky, Beau Haugh, and Nelson Gauthier) is frankly awesome".

And apparently the acquisition is already bearing fruit with the Localmind product team integrating new social initiatives into the Airbnb experience. 

Localmind was co-founded by CEO Lenny Rachitsky and CTO Beau Haugh and originally raised $50K in late 2010 from accelerator Year One Labs.

Company:
Airbnb.com
Website:
http://www.airbnb.com
Location:
San Francisco, California, United States

Called the "Ebay for space" by Time Magazine, Airbnb is an online marketplace allowing anyone from private residents to commercial properties to rent out their extra space. The reputation-based site allows for user reviews, verification, and secure online transactions. Listings include vacation rentals, private rooms, entire apartments, bed and breakfasts, boutique hotels, castles, treehouses, and many other... more

Company:
Localmind
Website:
http://www.localmind.com
Location:
Montréal, Québec, Canada

Localmind is a new service that allows you to send questions and receive answers about what is going on—right now—at places you care about. more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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