Real Ventures, a Canadian early-stage venture capital firm based in Montréal, announced its portfolio company Localmind Corp. has been sold to San Franciso’s Airbnb Inc., an online service that matches people seeking vacation rentals and other short-term accommodations with hosts. The financial terms of the deal were not disclosed. Localmind, a real-time, location-based Q&A platform, was founded in 2011 with the backing of Real Ventures, iNovia Capital and other investors.
Airbnb acquires Localmind
By Mark MacLeod, Real Ventures
December 13, 2012
We are very pleased to announce that our portfolio company Localmind has been acquired by Airbnb. Localmind came out swinging upon launch building a large user base. All that buzz led to some serious partner interest.
It’s not every day you get to be part of a high flier like Airbnb. With this acquisition, Localmind will be bringing some serious social capabilities to Airbnb.
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