Foursquare Raises Another $35 Million — mashable.com

Foursquare has raised another $35 million in a Series D round of funding, the company announced Thursday. The new round, which was first reported by AllThingsD, comes less than a year after it raised a $41 million financing round and brings the company's total financing to nearly $150 million. It also gives it a valuation of "just over" $600 million, according to the report. Foursquare has been trying to prove that it can create a sustainable business, as reports at the end of 2012 suggested investors were worried about the company's user growth and monetization strategy. In recent months, Foursquare has expanded its ad offerings.

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