union square ventures

David Gelles

Foursquare, the social networking company that lets users “check in” to locations using mobile phones, has taken its first significant round of funding after acquisition talks sputtered.

The $20m series B investment was led by Andreessen Horowitz, the venture capital firm founded by Netscape founder Marc Andreessen. Other investors include Union Square Ventures and O’Reilly AlphaTech Ventures. The deal values Foursquare at $95m. Read more