Fort Worth’s Cowtown Angels recently was named as one of the five Texas angels investing in the booming travel app, Localeur.
The angel network has helped Localeur reach $500,000 in investments from Texas investors alone.
The Austin-based app was developed four years ago, and is used in 65 cities in the U.S., Australia, Canada, England, Hong Kong, Mexico, and Spain. Localeur also launched a quarterly print magazine in 2017, and has expanded its partnership with JetBlue Airways.
“Localeur is a community of locals who recommend their favorite local places to eat, drink, and play to help travelers experience local instead of going where only tourists go,” Joah Spearman, Localeur CEO and founder, told blackenterprise.com.
The company has secured $3.5 million in funding from a large group of strategic angel investors, including Capital Factory, which just expanded into Dallas through a partnership with The Dallas Entrepreneurial Center.
“Raising funds from these five Texas-based angel groups is a testament to both Localeur’s continued growth and to the support Texas angels provide to entrepreneurs here.”
Capital Factory has been named the most-active investor for early-stage tech companies in Texas, according to PitchBook. With its expansion starting in Dallas, it wants to connect and build a program throughout Texas in order to construct a strong network of entrepreneurs and investors.
Spearman tips his hat to the local support growing for early stage startups in his post about the Texas investments on his LinkedIn account.
“Raising funds from these five Texas-based angel groups is a testament to both Localeur’s continued growth and to the support Texas angels provide to entrepreneurs here,” Spearman said.
Localeur has been named one of the top travel apps numerous times by “The Today Show,” Forbes, TIME, Travel & Leisure, BET, Black Enterprise, Men’s Journal, and others.
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