5G Technology World

  • 5G Technology and Engineering
  • Apps
  • Devices
  • IoT
  • RF
  • Radar
  • EE Learning Center
  • 5G Videos
  • Handbooks
    • 2022
    • 2021
  • Design Guides
    • WiFi & the IOT Design Guide
    • Microcontrollers Design Guide
    • State of the Art Inductors Design Guide

Foursquare Lands $50M in VC Funding

By Staff Author | June 27, 2011

Foursquare said Friday it had received $50 million in venture-capital financing from Andreessen-Horowitz, Spark Capital and existing investors O’Reilly AlphaTech Ventures and Union Square Ventures.

The check-in service plans to use the funding to hire more engineers, add new products targeted at small business owners and expand into international markets.

“Having our current investors double down on us is a tremendous gesture of support for foursquare and for the direction we’re headed,” Foursquare co-founders Dennis Crowley and Naveen Selvadurai said in a post on the company’s blog. “The opportunity to build something meaningful in the location space is HUGE, and we feel well-positioned to capitalize on it.”

More than 10 million people are currently signed up for Foursquare, up from just 1 million in March 2010. The company has also expanded its workforce over the past year and now has more than 70 employees, up from just 15 in 2010.

Foursquare is working to come up with ways to bring in revenue through its app, which is free to consumers. Last week, the company announced a deal with American Express that allowed customers to get exclusive discounts when they used their credit card at venues signed up to Foursquare’s service.

Related Articles Read More >

5G vectors
How RedCap fits into 5G and IoT
Benetel RAN650
OpenRAN mid-band radio brings cellular to private and campus networks
Don’t push on that icon and other 3G sunset issues
LTE Cat 1 modules target worldwide IoT connectivity

Special Issue: 5G Handbook

Need 5G Technology World news in a minute?

We Deliver!
5G Technology World Enewsletters get you caught up on all the mission critical news you need. Sign up today.
Enews Signup

EE World Online Twitter

Tweets by @RandDWorld

EE TRAINING CENTER CLASSROOMS

EE Classrooms
5G Technology World
  • Enews Signup
  • Contact Us
  • EE World Online
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Microcontroller Tips
  • Analogic Tips
  • Connector Tips
  • Engineer’s Garage
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips
  • Wire & Cable Tips

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search 5G Technology World

  • 5G Technology and Engineering
  • Apps
  • Devices
  • IoT
  • RF
  • Radar
  • EE Learning Center
  • 5G Videos
  • Handbooks
    • 2022
    • 2021
  • Design Guides
    • WiFi & the IOT Design Guide
    • Microcontrollers Design Guide
    • State of the Art Inductors Design Guide