Software Startup Local Logic Raises $1.1 Million

Local Logic just closed $1.1 million in financing. Four investors contributed to the round: Cycle Capital, BDC Venture Capital, 500 Startups, and Yellow Pages.

Local Logic has developed a marketing tool for real estate professionals that allows them to market the unique value of every location in a city. By providing 17 location scores, Local Logic aims to help real estate buyers gain insight into the location characteristics of the home before contacting agents. This allows agents to improve the quality of their leads, giving them more time to focus on closing sales.

In its announcement, the company said it intends to use the funds to grow the team and finance expansion throughout the North American market.