Tech Company Financing Transactions
Local Motion Funding Round
On 11/3/2012, Local Motion announced $1 million in Seed funding from private investors.
Transaction Overview
Company Name
Announced On
11/3/2012
Transaction Type
Venture Equity
Amount
$1,000,000
Round
Seed
Investors
private investors (Ash Patel)
private investors (Jerry Yang)
private investors (Timothy Draper)
private investors (Tony Hsieh)
Proceeds Purpose
Now that they have raised a seed round, Local Motion intends to expand the product and deliver it more broadly.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
15 North Ellsworth Avenue 100
San Mateo, CA 94401
USA
San Mateo, CA 94401
USA
Phone
Website
Email Address
Overview
Local Motion is the first company to graduate from the Lemnos Labs hardware incubator program. The startup manufactures a module that can be installed in any vehicle to make it more shareable.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John Stanfield
Co-Founder
Clément Gires
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We do our best to record tech company VC transactions. VC transactions reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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