Townsquared is an online community and mobile app that lets neighborhood small businesses connect and share resources. The platform enables businesses to collaborate on crime and safety issues, exchange neighborhood updates, form partnerships, co-sponsor events, and organize around government initiatives. The community is currently live in San Francisco, Oakland, New York and Seattle and will officially launch in Portland in September. The company plans to expand into 5–10 additional cities, including Boston, Chicago, Austin, D.C., Los Angeles and Miami. Townsquared secured an $11.05M Series B as part of its growth plans and has raised $16.4M in total funding. Co-founded in late 2013 by Rohit Prakash and Nipul Patel, the company recently appointed Andy Bryson as VP of Product. Townsquared operates a Nextdoor-style network for local business owners to connect, share advice, organize events, and send real-time crime and safety alerts. The platform features a live feed, topic channels, member listings, and a resources section covering permits, licensing, and funding. Founders Rohit Prakash and Nipul Patel built the product from interviews with small-business owners; Prakash has an MD/PhD background and family ties to small business. The company launched an iOS app and has made the product available in New York City and San Francisco, with plans to expand nationwide. Townsquared has raised funding to support growth and product rollout, and investors include Floodgate and August Capital.

Total raised

$16M

Funding rounds

2

Latest round

Series B

Latest activity

Aug 2016