The Naver, Simon and O'Reilly-backed location services provider has collected $150m from Raine Group to fund the purchase of user-location tracking app Placed from Snap.

Foursquare, the US-based location intelligence platform developer backed by property developer Simon, internet group Naver and media company O’Reilly, has secured $150m from merchant bank Raine Group, TechCrunch has reported. Founded in 2009, Foursquare has developed a mobile app that provides users with personalised search recommendations based on their current location, browsing history and previous…

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