The Naver, Simon and O'Reilly-backed location services provider has collected $150m from Raine Group to fund the purchase of user-location tracking app Placed from Snap.
Foursquare, the US-based location intelligence platform developer backed by property developer Simon, internet group Naver and media company O’Reilly, has secured $150m from merchant bank Raine Group, TechCrunch has reported.
Founded in 2009, Foursquare has developed a mobile app that provides users with personalised search recommendations based on their current location, browsing history and previous ‘check in’ locations. It also offers Swarm, an app that allows users to share their locations and ‘check ins’ with friends and family.
In addition…
