Confirmed: Foursquare Gets $1.35 Million To Play With From Union Square And O'Reilly AlphaTech
Summary
As we alluded to two days ago, the location-based social network Foursquare has just raised its first round of funding. Foursquare has been a hot startup among some tech early adopters, especially in cities like San Francisco and New York. The service is primarily used through its iPhone application right now, but it just launched an Android version, as we first reported two days ago. Recently, Foursquare has started doing some things with its app to show the potential of using location for a business model. Some venues are starting to offer deals like free beer to mayors, as it obviously benefits them to get people wantin to come back more to check-in.
Funding
Amount
$1.4M
Total raised
Date
September 4, 2009
Announcement date
Investors
Ozie Group LLC, Union Square Ventures, SV Angel
Lead investors
Company
http://www.foursquare.com
Funded company
Classifications
industries
No industries detected
applications
Data Management
AskAI Classifications
Labels
SaaS
Geospatial Analytics Software
Marketing Technology
Linked Companies
Foursquare
$10M to $25M