South African prop-tech startup Neighbourgood has acquired travel-tech company Local Knowledge to add travel experiences to its services.
Founded by Murray Clark, Kim Clark and St John Gardner, Neighbourgood is on a mission to bring good to neighbourhoods around the world. With over 1,000 living and working spaces, and an additional 650 in the pipeline for 2024, it has established itself as one of the fastest-growing hospitality companies in Africa.
Neighbourgood has announced the strategic acquisition of Local Knowledge, a next-gen travel experience and technology company founded by Nick Schooling and Keegan Foreman. Neighbourgood said the acquisition was “not just a merging of two companies and teams, it’s a marriage of two visionary missions to redefine the way we live, work, and experience a city – all the while fostering meaningful connections and positively impacting local communities”.
Through this acquisition, Local Knowledge will build “The Experience Vertical” of Neighbourgood, helping Neighbourgood guests “create lifelong memories and meaningful connections through authentic, local experiences and tours, community-centric events, and an intuitive app that provides personalised recommendations and inside access to what’s happening in a city”.
“This acquisition represents a significant milestone in the travel and hospitality industry. It’s a meaningful step toward a future where travel is not just about destinations but about the friendships, experiences, and communities we build along the way. Neighbourgood and Local Knowledge are well-poised to lead this transformative journey,” said Murray Clark, CEO of Neighbourgood.
