Foursquare, the location-based mobile app allowing users to check in and review locations, has raised $45 million in Series E funding led by Union Square Ventures. The funding round, which also included participation from Morgan Stanley Alternative Investment Partners, and previous investors DFJ Growth, Andreessen Horowitz, and Spark Capital, reportedly values the company at $250 million, well short of its previous $650 million valuation. Foursquare has not commented on the valuation. The company has also reorganized its executive team – CEO and founder Dennis Crowley is stepping aside to become executive chairman, with COO Jeff Glueck taking the reins. Foursquare has previously raised more than $120 million and $41 million in debt financing.
Movie streaming service Mubi has raised $50 million in funding from Huanxi media, and is launching its service in China. Mubi offers a new movie every day, which are all available for 30 days at a time, and concentrates on high quality offerings rather than blockbusters. Huanxi will become Mubi’s partner in China and the funds will be used for both the new service and the existing global streaming platform.
Euclid Analytics, a location analytics startup, has closed a $20 million Series C funding round led by Cox Enterprises. New investor Groupe Arnault participated, as did previous backers Benchmark Capital, NEA and Harrison Metal. Euclid has now raised a total of $44 million to date. “Cox Enterprises, Groupe Arnault and Gold Sky add to Euclid’s high caliber of investors and strategic partners,” said Brent Franson, CEO of Euclid Analytics. “As Euclid continues to lead the digital transformation within brick-and-mortar, our deep understanding of the physical world is helping businesses gain a single view of their omni-channel customer and deliver the best in-store experience. With this new funding, we will continue to build the world’s leading location analytics platform — all leveraging the ubiquity of Wi-Fi, and without the need to install any new hardware.”
Financial supply chain company Taulia has secured $46 million in Series E financing led by Zouk Capital. All existing investors participated in the round, which also included new strategic and institutional investors. “The global demand for Taulia’s platform is increasing exponentially. After watching Taulia translate its previous funding into significant new business and revenue, the decision to lead this round was a natural one for Zouk,” said Samer Salty, CEO of Zouk Capital. “In addition, Taulia’s use of technology to streamline and strengthen the financial supply chain is a clear match with our investment philosophy of backing high growth companies that use technology to create efficiency.”