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Foursquare Raises $33M From Investors Including Simon Ventures

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Foursquare has just closed $33 million in funding from investors including Union Square Ventures, Korean search engine Naver Corp., and Simon Ventures — an investment group backed by the world's largest property owner Simon Property Group. Foursquare CEO Jeff Glueck says that the partnerships with Simon Ventures and Naver Corp. are strategic, and paves the way for the company's future ambitions. Since Foursquare was founded nearly ten years ago, the company has evolved from a consumer-focused social media app to a powerful geo-location tool utilized by companies like Microsoft, Tinder, Twitter, and Spotify.

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