Daily Deals Alternative LocBox Raises $5.1 Million in First Round

San Francisco-based LocBox, which is developing a way to help local businesses retain and attract new customers, has raised $5.1 million in a first round of funding. Investors in the round include InterWest Partners, Google Ventures and 500Startups, with additional investments from several angels. LocBox’s platform helps businesses run marketing campaigns across email, Facebook, Twitter, SMS and Yelp from one dashboard.


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I feel sorry for Peter Thiel. Did he really want flying cars? Flying cars are not a very efficient way to move things from one point to another. On the other hand, 20 years ago we had the idea that information could become available at your fingertips. We got that done.

— Bill Gates, in an interview with Wired magazine’s Steven Levy