uLocate – Funding LBS mobile widgets

From Katie Fehrenbacher at GigaOm

We’re fans of uLocate’s Where.com mobile widget, and it looks like investors are too. The company says this morning that it has closed a round of $11 million led by Venrock, with other investors GrandBanks Capital and Kodiak Venture Partners.

Founded in 2003 the Massachusetts-based company also received an investment of $4.5 million in a second round of funding in September of 2004. The company was quiet about how much it had raised last time I had talked to them, so perhaps that was because it was closing this latest round. They say they’ve raised close to $16 million in total.

While mobile LBS is the application everyone loves to hype, the Where.com widget is an interesting way for web-based services to add location functionality. A lot of these companies that are working on the widget like Zillow, probably wouldn’t have the time, skill or now how to do their own GPS-based mobile client. Also the $3 per month subscription is a pretty good deal for all the services like local search, directions, GPS Twitter, and a bunch more.


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