Foursquare resorts to debt in latest financing

By Alistair Barr and Sarah McBride SAN FRANCISCO (Reuters) - Foursquare said on Thursday it raised $41 million in a new financing round that relied on debt, rather than equity, to give the location-based start-up the money it needs to keep expanding. The cash came from a new investment by technology private-equity firm Silver Lake, through its Waterman growth debt fund, as well as existing investors Andreessen Horowitz, O'Reilly AlphaTech Ventures, Spark Capital, and Union Square Ventures, Foursquare founder Dennis Crowley wrote in a blog. ...



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