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Tags: Foursquare | value | tech | funding

Foursquare's Value Gets Whacked in Latest Venture Funding Round

Foursquare's Value Gets Whacked in Latest Venture Funding Round

Wednesday, 23 December 2015 02:48 PM EST

Foursquare, which makes apps that let users find restaurants and stores and "check" into them, is discussing a funding round that would set its value at $250 million, less than half its worth two years ago, tech news site Re/code reported on Tuesday, citing sources.

The site also said the company had talked to potential buyers. (http://on.recode.net/1NBigrS)

Re/code said the funding round would raise between $20 million and $40 million and would include one new investor, which it did not name.

Foursquare raised $35 million in a fundraising round in 2013. The Wall Street Journal reported at the time that round valued the company at $650 million, citing people familiar with the transaction.

Foursquare has been the subject of takeover speculation, with Yahoo Inc being reported more than once as a potential buyer.

Foursquare declined to comment on the Re/code report.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
Foursquare, which makes apps that let users find restaurants and stores and check into them, is discussing a funding round that would set its value at $250 million, less than half its worth two years ago, tech news site Re/code reported on Tuesday, citing sources.
Foursquare, value, tech, funding
141
2015-48-23
Wednesday, 23 December 2015 02:48 PM
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