Foursquare checks in with $45 mln financing

By Alastair Goldfisher — 4 weeks ago

Jeff Glueck, the newly appointed CEO of New York-based Foursquare, announced via a Medium post this afternoon that the company has raised $45 million in equity funding led by Union Square Ventures. Other investors included Morgan Stanley Alternative Investment Partners, DFJ Growth, Andreessen Horowitz and Spark Capital. In addition, co-founder and CEO Dennis Crowley is moving to an executive chairman position, following the CEO appointment of Glueck, who had been serving as COO.


Timehop Closes Seed Round

By Angela Sormani — 4 years ago

New York-based Timehop has closed a seed round of $1.1 million. The investment was led by Bryce Roberts of OATV (O’Reilly AlphaTech Ventures) which focuses on seed and early stage investments among technology early adopters. Also in the round is Spark Capital represented by Andrew Parker. Several angel investors also participated in the round including […]


Facebook Said To Acquire Gowalla As Internal Hiring Expands

By Reuters News — 4 years ago

With Facebook preparing what could be one of the nation’s largest-ever IPOs, the company appears to be bulking up its technology arsenal by acquiring location-based startup Gowalla and hiring thousands of new workers. The news of the acquisition was reported late Friday by CNN Money, which said most of the small Austin-based company’s staff would […]


Union Square Closes on $116M for Third Early Stage Fund, Has Commitments for Rest

By Mark Boslet — 4 years ago

Union Square Ventures has closed on more than half of a new, $200 million early stage fund, raising $116.5 million of fresh capital, according to a filing with the Securities and Exchange Commission.

Rumors of the close began to spread last week, with two sources close to the company confirming the commitments. The SEC filing says another $83.5 million of the firm’s third early stage fund remains to be spoken for, though one source said it too has been sold. Sources say Union Square drew its capital from existing LPs with few if any new investors invited.

The apparent ease of the fundraising isn’t surprising given the success of Union Square’s first two early stage funds. Those funds invested in a number of notable Internet companies, including Twitter …


U.K. Prime Minister Joins LinkedIn, Foursquare

By Luisa Beltran — 4 years ago

David Cameron, the U.K.’s prime minister, has joined LinkedIn and Foursquare, according to a blog from the PM’s office. The social media move is part of the PM’s effort to “engage further with with citizens and businesses using digital communications.” According to the blog, Downing Street will use LinkedIn to connect with people and businesses that the prime minster meets regarding UK business, enterprise and manufacturing.


VCs Sidelined on SecondMarket Buy-side to Start ‘11

By Jonathan Marino — 5 years ago

High net worth individuals are in and VC firms are out. That’s the showing from SecondMarket’s Q1 private stock data, which the auction system released today. After making 40% of investments conducted on SecondMarket’s platform in the fourth quarter of 2010, VC firms accounted for none of its transactions to start 2011. High net worth […]


Turing Fellows Seeking Tired, Poor, Huddled Masses of Tech Talent

By Jonathan Marino — 5 years ago

The NYC Turing Fellows program wants to bring talented computer science and engineering students to New York in droves, and they’re planning to place them at some significant Web businesses including SecondMarket, Foursquare and Tumblr. Canaan Partners’ Warren Lee —whose firm has become one of the latest in a series to open its doors in the Big […]


Mobile Commerce Is The Future, But Customer Acquisition Is Street By Street

By Mark Boslet — 5 years ago

Foursquare Labs, Yammer, Groupon. Social mobile media is hot, especially if it targets ecommerce and the enterprise. So how does a tiny next generation startup compete with today’s more entrenched players? That seemed to be the unanswered question at the Under the Radar conference today in Mountain View, Calif. The conference brought together more than […]


How Facebook Might Have Landed Its New Patent, and What Happens Now

By Connie Loizos — 5 years ago

On Tuesday, Facebook was awarded patent no. 7,809,805, more than three years after it had applied for it with the U.S. Patent and Trademark Office. It’s not any old patent, as the media outlet Bnet was first to discover. It broadly covers mobile location-based social networks and includes a “method of sharing locations of users […]