[Reuters] Foursquare resorts to debt in latest financing

Posted by: UGN Security

[Reuters] Foursquare resorts to debt in latest financing - 04/11/13 09:14 PM

SAN FRANCISCO (Reuters) - Foursquare, a service that helps smartphone users find nearby restaurants, shopping venues, clubs and tourist attractions, said on Thursday it raised $41 million in a new financing round that relied on debt, rather than equity, to give the start-up the money it needs to keep expanding.