Foursquare Raises $35 Million as It Works on Automated Travel Updates

Excerpt from AllThingsD

Dec 19, 2013 12:00 pm

Skift Take

Last week Foursquare rolled out an update that gives non-sharers a way to take advantage of the service’s in-depth location-specific information. This gives users new reason to keep the app and the company a service outside of check-ins to introduce to new markets.

— Samantha Shankman

Evolving Strategies in Travel Ad Tech and Bookings

 / Skift

The newish Foursquare with location-aware updates. / Skift

Foursquare, the iconic social location service, has raised $35 million in a Series D round, led by DFJ Growth and the Capital Group’s Smallcap World Fund.

The company confirmed the raise, which has been the subject of intense scrutiny amid many reports that the New York-based company was in big trouble and likely to have to take a down round to garner funding.

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