Digital

Foursquare finally closing on Series D funding, amidst general skepticism

Excerpt from Techcrunch

Mar 16, 2013 9:44 am

Skift Take

The company has proven to be adept at moving at a fast pace on product, don’t count CEO Dennis Crowley out just yet.

— Rafat Ali

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We are now hearing… Foursquare is finally close to closing a Series D round at a valuation that may not, after all, be less than its last C-Round in June 2011, when it raised $50 million at a $600m pre-money valuation. The company has to date raised $71.4 million from investors.

The bottom line is this: Foursquare’s backers are not going to let it die, and Foursquare has set out on a mission to prove all the haters wrong… The key will be to either figure out how to bring those skeptics, and more, back to its core service, or come up with many other ways of growing Foursquare to make up or surpass the difference.

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