Mobile location based start-up Foursquare Labs has secured $50 million in new venture funding, The Wall Street Journal reports. With this latest round of funding, the New York-based company is valued at about $600 million.
The investment round was led by Andreessen Horowitz, Union Square Ventures, O’Reilly AlphaTech Ventures and Spark Capital. The funding will enable the firm to appoint more engineers, grow merchant offerings and continue international expansion, adds Reuters.
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