Foursquare Closes $33 Million Funding Round, Aiming to ‘Refine’ Its Products

The company says over 150,000 developers are currently using its location data


Foursquare closed a $33 million Series F equity funding round led by Simon Ventures, Naver and longtime backer Union Square Ventures. The company said the first close of $25 million took place last Friday, and it anticipates a secondary close with the remaining $8 million by year-end.

Simon Ventures is a retail- and tech-focused venture fund of The Simon Property Group, parent of Simon Malls, and Naver is the largest search engine in South Korea.

Foursquare debuted over nine years ago as a location-based mobile application that enabled users to share their whereabouts with friends.

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