Foursquare Raises $20M In New Funding, Now Valued At $95M

Posted: July 1, 2010 in Advertising & Marketing, Gaming/Entertainment, Mobile, Social Media & Networking, Technology

In a rather unsurprising move at this point, Foursquare has finally announced a new funding round of $20M led by Andreessen Horowitz, which now values the startup at roughly $95M.  Other investors include Union Square Ventures and O’Reilly AlphaTech Ventures, who backed the company in the beginning with a $1.35M round last fall.

Foursquare currently boasts 1.8M users and is adding roughly 15,000 new users per day.  At this rate, the young startup is growing faster than Twitter did at the same stage, which is a big reason Andreessen Horowitz decided to take the plunge- even after previously withdrawing funding after saying the funding process was “playing out too much in public.” (get the rest of the story)

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