
Gowalla, a location-based social networking service, raises Series B funding round totaling $8.4 million. Silicon Valley-based venture capital firm Greylock Partners led the round. The capital infusion will be used to strengthen growth efforts and further enhance Gowalla’s development capability. With this latest funding, Gowalla has now raised more than $10 million since it was founded in 2007.
Reid Hoffman, LinkedIn Co-Founder and Executive Chairman and Partner at Greylock, will join Gowalla as a board observer. New investors joining this round include: Shasta Ventures, Maples Investments, Ron Conway, Kevin Rose, Gary Vaynerchuk, Shervin Pishevar, Jason Calacanis and Chris Sacca. Existing investors Alsop-Louie Partners and Founders Fund also participated in the round. (more…)

December 11th, 2009
Social Guy
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