Monday, April 23, 2012

Locu Gets $4M

Locu, a developer of software being applied to digitize real world content and place that into structured form online, has raised $4M in a Series A funding round. The company, which has operations in both San Francisco and Cambridge, Mass., said the funding was led by Catalyst Partners, and also included Lowercase Capital, Lightbank, and SV Angel, along with angels Naval Ravikant, Babak Nivi, Quotidian Ventures, and Matt Ocko. Locu is a spinout of an MIT lab run by Sir Tim Berners-Lee. Locu said it is digitizing things like restaurant menus and merchant price lists, and making those available via software. More information »