Foursquare Looks Into An Fourth Round At An Over $700M Valuation, Investors Skeptical

Foursquare has been taking VC meetings recently, looking into raising a Series D round of funding of between $50 million and $100 million according to multiple sources. In previous rounds, the company has brought in over $71.4 million in financing from Andreessen Horowitz, Spark Capital, Union Square Ventures and others. From what we're hearing the company seeks to flesh out this round at a pre-money valuation of between $700 million and $800 million, and that number has a few VC shops skeptical due to its growth trends, which have not gotten more inspiring after the company's?recent June redesign, according to multiple sources. Foursquare raised a?$50 million round at a $600 million valuation in June of 2011 and still has plenty of money in the bank as far as we know.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/FYHhx8RSWyQ/

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