Ball in Foursquare’s court with $1.35 million round
Location-based social network Foursquare, which has attracted buzz for making nightlife like a game, raised $1.35 million from Union Square Ventures and O’Reilly AlphaTech Ventures.
Co-founder Dennis Crowley, who was also behind a similar service called Dodgeball that Google acquired, said there were other angel investors he would reveal next week. This is Foursquare’s first round.
In Foursquare, you “check-in” to places like restaurants and bars through the startup’s iPhone or Android apps. Check-in enough times at a place and you earn badges. You can also create lists of places to go for sharing with others and record where you’ve been.
Here’s Foursquare’s SEC filing (from PaidContent):
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About the Author, Kim-Mai Cutler
Kim-Mai was born and raised a stone's throw from Apple headquarters in Cupertino by a devout Hewlett-Packard family. After attending UC Berkeley, Kim-Mai worked for Bloomberg, The Wall Street Journal and Dow Jones Newswires in New York, Los Angeles, London and Buenos Aires. Follow her on Twitter at @kimmaicutler, and follow VentureBeat on Twitter at @venturebeat.