Foursquare Receives $50,000,000 New Funding Round

  • Feed Type
  • Date
    6/25/2011
  • Company Name
    Foursquare
  • Mailing Address
    1345 Avenue Of The Americas New York, NY 10000
  • Company Description
    We’re all about helping you find new ways to explore the city. We’ll help you meet up with your friends and let you earn points and unlock badges for discovering new places, doing new things and meeting new people.
  • Website
    http://www.foursquare.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $50,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The additional capital will allow us to move more quickly; we can hire more engineers (we’re hiring in New York and San Francisco!), evolve our merchant offerings, expand internationally, and try a ton of new things.
  • M&A Terms
  • Venture Investor
    Andreessen Horowitz
  • Venture Investor
    O’Reilly AlphaTech Ventures
  • Venture Investor
    Union Square Ventures
  • Venture Investor
    Spark Capital

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  • http://www.xonelabs.net Andres Garcia

    What is the secret towards getting all this venture capital when there is no proven product? Is it the frenzy and cost of capital infrastructure required where the past investors don’t want this to fail, so they throw more money at this company?