AAA LocBox searches out $1m

LocBox searches out $1m

LocBox, a US-based provider of marketing automation tools for small businesses, has raised $5.1m in its series A round from a consortium including search engine Google’s corporate venturing unit.

Saumil Mehta and Sailesh Ramakrishnan began working on LocBox after leaving Kosmix, a web and social search company acquired by retailer WalMart in April 2011.

Alongside Google Ventures in the A round were venture capital firms InterWest Partners, Accel Partners and 500 Startups and angel investors Anand Rajaraman and Venky Harinarayan, co-founders of Kosmix, Deep Nishar, SVP Products at LinkedIn, Manyam Mallela at WalMartLabs and longtime Google executive Amar Chokhawala.

LocBox received seed funding from AngelPad in Winter 2011.

Keval Desai, formerly a Google product director and now a partner at InterWest, will join LocBox’s board.

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