AfterDawn: Tech news

Foursquare now valued at just $250 million

Written by Andre Yoskowitz (Google+) @ 24 Dec 2015 17:44

Foursquare now valued at just $250 million Two years after raising funds that valued the company at $650 million, Foursquare has raised money again, this time at a value of $250 million.
Additionally, the startup has also talked to potential acquirers which suggests that management and current investors may be ready to sell rather than continue to raise money through funding rounds.

Investors include the usual suspects like DFJ Growth, Microsoft, Silver Lake Partners, Spark Capital, Union Square Ventures and Andreessen Horowitz.

Overall, Foursquare has raised $120 million (including the new round) since launch in 2009 and the company currently has 50 million active users.

Source:
Recode

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