Disqus
Popular social network Foursquare announced that it secured $20 million in Series B round with Union Square Ventures, O’Reilly AlphaTech Ventures and new investor, Andreessen Horowitz, which is backed by Marc Andreessen and Ben Horowitz.
The company will use the new money to expand the organization to supplement the core team, as well as to fund the new infrastructure needs.
Foursquare has an audience of nearly 2 million users which keeps growing at around 15,000 new users per day.
Andreessen Horowitz commented on its investment decision: “When you look at the numbers, you’ll see that Foursquare is growing faster than Twitter did at this stage. In particular, their growth has been explosive over the past few months. As importantly, we are very excited about Foursquare’s ability to make money in a way where all parties win: users, merchants, venue owners, brand advertisers, and more.”
My two cents: Foursquare should be working on mobile clients for other platforms, including Windows Mobile, Symbian and possibly even JavaME and Brew.
[Via: CellularNews]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
