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Foursquare Ceo Steps Down; Company Raises $45 Million In Funding


Ron Burgundy
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Co-founder of Foursquare Crowley presents an award during the 15th annual Webby Awards in New York(Reuters) - Foursquare's chief executive, Dennis Crowley, is stepping down and will be succeeded by Jeff Glueck, the company's current chief operating officer. This series E funding round was led by Union Square Ventures with participation from Morgan Stanley , as well as previous investors including DFJ Growth, Andreessen Horowitz and Spark Capital. The company expects this latest funding will aid its plans to fill 30 new positions in sales, engineering and other functions, according to Glueck's blog post.




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