New York – Location-based social network Foursquare has
raised $20 million in second round funding, from new investor Andreessen
Horowitz, and previous backers Union Square Ventures and O’Reilly AlphaTech
Ventures.
New York-based Foursquare said it is nearing 1.8 million members for
its social network, which lets users check-in from real-world locations.
The
company was also recently reportedly in acquisition talks with both Facebook
and Yahoo.
Foursquare will use the new funds to hire engineers and to seek new
offices.
Related Links:
http://blog.foursquare.com/post/751153312/were-just-getting-started
http://snipurl.com/yflbu
(DMW previous coverage)
