Monday, August 19, 2013

GoDaddy Buys Locu

Scottsdale, Arizona-based Internet services provider GoDaddy has acquired Locu, a provider of tools to let restaurants build their own websites. Financial details of the acquisition were not announced. Locu had been venture backed by Catalyst Partners, Lowercase Capital, Lightbank, and SV Angel, along with angels Naval Ravikant, Babak Nivi, Quotidian Ventures, and Matt Ocko. GoDaddy and Locu had been in a partnership since May over Locu's services.