Social location service Foursquare isn’t quite the poster boy of the apps world that it was a couple of years ago, but the company continues to add users and raise money. In a blog post yesterday, Foursquare’s CEO Dennis Crowley announced that it now has 45m registered users, and has raised a $35m Series D financing round, taking its total raised so far to $106m plus $41m of debt funding earlier this year. There’s no mention of how many people are actively using Foursquare (versus those who registered for it at its peak, and haven’t checked in with the app for a year or more) though. This year has seen the app shift its focus a bit towards providing recommendations to people based on their current location, regardless of whether they check in to a particular place or not. “I think this round validates what I have been saying for a while — that these new passive awareness technologies are pointing to how we are going to take this company to a new level,” Crowley told All Things Digital last night. “The steps we have taken over the last year have made us able to show investors the opportunities we have with the product.”

EarPods and phone

Tools: platforms to help you reach new audiences

Tools: Kaiber

In the year or so since its launch, AI startup Kaiber has been making waves,…

Read all Tools >>

Leave a comment

Your email address will not be published. Required fields are marked *