Foursquare Closes $50M at a $600M Valuation

Foursquare has just closed one of the most secretive rounds of venture capital TechCrunch has seen.The company is raising $50 million, and all of it will go towards building out the company, no secondary sales here. The valuation had been rumored to be as high as $1 billion, but our sources say it settled out at $550 million pre-money, $600 million post.]]>