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popular social network Foursquare announced that it secured $20,000,000 Series B round of Union Square Ventures, O Reilly AlphaTech Ventures and new investor, Horowitz Andreessen, who is backed by Marc Andreessen, Ben Horowitz.
The company will use the new funds to expand the organization to supplement the core team, as well as funding .. new infrastructure needs
Foursquare has a audience almost 2 million users, which is growing at about 15,000 new users per day
Andreessen Horowitz commented on the investment decision: When you look at the numbers, youll see that Foursquare is growing faster than Twitter is not at this stage. In particular, their growth has been explosive over the past few months. Equally important, we are very excited about the Foursquare ability to make money in such a way where all parties win:. users, dealers, location, brand advertisers, and more
My two cents: Foursquare should be working on mobile clients for other platforms, including Windows Mobile, Symbian, and Brew and even the JavaME
.[Via: CellularNews ]
Via: Foursquare secures $20 million in the second round of financing
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