
A new round of venture financing has netted location-sharing app builder Foursquare an additional $50 million, putting the company’s current valuation around $600 million. The fund raising, in the works since March, was supported by original investors O’Reilly AlphaTech Ventures and Union Square Ventures, as well as others such as Spark Capital. Foursquare CEO and one of the founders of the company, Dennis Crowley, says that the money will be used for expanding its employee roster, particularly overseas as the company is “seeing huge international pick-up.” READ MORE




