New York – Foursquare, the location-based social network that
hit one million users in April, is in the final stages of talks on raising
financing at a valuation of about $80 million, All Things D reported, citing
sources.
Venture capital firm Andreessen Horowitz will reportedly lead the
round, but the company is also said to have spoken with firms including Khosla
Ventures, Accel Partners and Institutional Venture Partners over the past
months.
Previous Foursquare investors are also expected to participate in the
new funding round, including Union Square Ventures and O’Reilly AlphaTech
Ventures.
All Things D reports that Foursquare was also in serious talks to be
acquired by Facebook, and more recently held acquisition talks with Yahoo (NASD: YHOO).
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(All Things D)
