Foursquare Reportedly Rounding Up More Venture Capital at Flat Valuation
Foursquare is reportedly raising more venture funding to support its ongoing move into the local search space, but its valuation will likely remain flat at $600 million.
Foursquare is reportedly raising more venture funding to support its ongoing move into the local search space, but its valuation will likely remain flat at $600 million.
TechCrunch, whose founder Michael Arrington is a partner at the venture capital firm CrunchFund, first reported the company’s fundraising efforts.
The report indicates that venture capitalists will leave Foursquare’s valuation at $600 million, where it was for the company’s last fundraising round in June 2011.
The flat valuation is in some ways a triumph over naysayers.
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