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Foursquare secures $20 million in VC funding

on June 30, 2010 | Foursquare | Comments (0)

Foursquare has completed their second round of Venture Capitalist funding – securing $20 million mainly from VC firm Andreessen Horowitz.

There has been speculation that Facebook or Yahoo was going to purchase funding but this latest move puts that issue to rest.

Foursquare now employs 27 people and is close to reaching 1.8 million users globally.

CEO Dennis Crowley has said on the company blog that the latest funding will go into expanding the team and infrastructure.

Some of this money will also go into a new office for the expanding team.


David Cowling :

Editor and Founder of SocialMediaNews.com.au. I also run a Social Media Agency where I do consulting work and another blog dedicated to Instagram news. Connect with me: Twitter | LinkedIn | Google + or contact me here. Alternatively, you can send me an email at david@socialmedianews.com.au











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