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Read more...FourSquare Labs announced on their blog on Tuesday that it finally closed on its second round of financing. Many have been anticipating this, so this week we are going to take a look at the deal terms of this latest round.
FourSquare Labs, Inc. is headquartered in New York, New York. The company provides online mobile social networking services through a Location Based Service application that provides information and entertainment services that are accessible with mobile devices.
The company recently announced on their blog that they have closed on a Series B round of financing in the amount of $20 MM. Participating in this new round were Union Square Ventures, Andreesen Horowitz, and O'Reilly AlphaTech Ventures. The deal terms for this latest round were:
Utilizing data contained in VC Experts Valuation & Deal Term database, most of which come from the company's regulatory filing, we calculated the post-money valuation of the Series B round to be $115,000,058.20.
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