Foursquare Raises $35 Million In New Funding


Foursquare announced it raised $35 million in new funding today, up from the $41 million it raised in early April. To date, the social network has raised $147 million.

The Series D round of funding was led by Capital Group and DFJ Growth, and according to a report from AllThingsD, investors are giving the location check-in service a valuation of over $600 million.

From Foursquare CEO and Co-Founder Dennis Crowley:

I think this round validates what I have been saying for a while — that these new passive awareness technologies are pointing to how we are going to take this company to a new level. The steps we have taken over the last year have made us able to show investors the opportunities we have with the product.

Back in September, Foursquare hit 40 million users, and both the Android and iOS app now feature push recommendations while you’re out on the go.

Mike Stenger

Lover of technology, Mike often makes jokes that nobody laughs at.


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