Updated: Foursquare gets $41 million investment as its revenues continue to disappoint
Skift Take
Foursquare has been morphing to become more of a local discovery and recommendation engine with its latest relaunch, and despite slow growth will have enough time now with this money to extend its life for a while to come.
In early April Foursquare got $41 million from private equity fund Silver Lake Partners and VC firms Andreessen Horowitz, Union Square Ventures, O’Reilly AlphaTech Ventures, and Spark Capital. The bulk of the money is a multiyear loan from Silver Lake; the rest is convertible debt that can eve
