Foursquare is borrowing $41 million from private equity firm Silver Lake and venture capital firms Andreessen Horowitz, Union Square Ventures, O’Reilly AlphaTech Ventures, and Spark Capital.
Silver Lake is leading the debt round. The money from the VC firms is convertible debt.
Bloomberg BusinessWeek's Sarah Frier broke the news this morning.
It reports that Foursquare generated just $2 million in revenues last year...
No comments:
Post a Comment