Foursquare replaces CEO Dennis Crowley, raises $45 million

The rumors were almost true: Foursquare today announced it’s raised an “oversubscribed” $45 million round from existing investors Union Square Ventures, Andreessen Horowitz, and others, plus new investor Morgan Stanley. News of this surfaced last month, and with it, Foursquare reportedly cut its valuation by more than half from $650 million (an unconfirmed figure) to $250 million (also […]...