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’s Meghan Lapides, Josh Cohen, Dennis Crowley, Jeff Glueck, Matt Kamen, Liz Ritzcovan, Rory Parness and Marc Ellenbogen (left to right). Foursquare

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. David Cohen is editor of Adweek's Social Pro Daily.