ABloomberg reportearlier today claimed that Foursquare was considering a new round of funding. It turns out, according toFoursquareat least, this isn’t true at all.
The report claimed that the New York startup’s founder Naveen Selvadurai had stated at the MIDEM music industry conference in Cannes, France this weekend that the company was worth over $250m and may seek additional funding in 2011.
However, a Foursquare spokesperson denied the report to us, stating “Naveen did not comment on our valuation or fundraising plans. We’re not currently in the process of fundraising.”
Despite this, er, interesting conflict of reports, things are certainly looking good for the company that kickstarted the current social check-ins craze. Itreportedearlier today that it had grown 3400% in 2010.
Story byMartin SFP Bryant
Martin SFP Bryant is the founder of UK startup newsletter PreSeed Now and technology and media consultancy Big Revolution. He was previously(show all)Martin SFP Bryant is the founder of UK startup newsletterPreSeed Nowand technology and media consultancyBig Revolution. He was previously Editor-in-Chief at TNW.
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