Simon Ventures and Naver have joined USV to co-lead the $25m first tranche of the location services provider's series F round on the way to a $33m close.
Internet group Naver and Simon Ventures, the corporate venturing subsidiary of property developer Simon, have co-led the $25m first close of a series F round for US-based location intelligence platform Foursquare.
The first tranche was co-led with venture capital firm Union Square Ventures (USV), and Foursquare expects to close the round at $33m by the end of 2018. Investment banking firm Morgan Stanley and Pitango Growth, investment firm Pitango’s growth-stage fund, also invested.
Foursquare runs a local intelligence offering consisting…
