Locaboo builds booking and administration software for cities and municipalities to manage public spaces like sports fields, multipurpose halls and event venues. The company was founded in 2021 by Michael Loy and Andreas Michel and is described as a Munich startup. Locaboo reports more than 500 paying customers, including Ludwigsburg, Bayreuth, Munich and Coburg. The founders say the company is profitable, generates seven‑figure annual revenues, and has grown organically to date. After bootstrapping since inception the team decided to leave "bootstrap mode" and seek external capital. They closed their first institutional funding round to support the next stage of the business.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2024