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
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.
company was also recently reportedly in acquisition talks with both Facebook
Foursquare will use the new funds to hire engineers and to seek new
(DMW previous coverage)