Location based social network Gowalla raises $8.4 million

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
FUND RAISING 
Database Reference:  F231109-277
 
Business:  Gowella
Web:  http://gowalla.com/
Location:  USA, Austin, TX
Region:  North America
Business description:  Location-based social networking service. The Gowalla service is currently available on iPhone and Android.
Category: Social Network
Contact 1:  Josh Williams, co-founder and CEO of Gowalla
Contact 2:  David Thacker, Graylock Partners
Contact 3:  Reid Hoffman, Graylock Partners
 
Investors:  Silicon Valley-based venture capital firm Greylock Partners led the round. 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.
  
Round:  Round B
Amount raised:  $8,400,000
 
Details:  Gowalla has completed a Series B funding round totaling $8.4 million. The capital infusion will be used to strengthen growth efforts and further enhance Gowalla’s development capability. Reid Hoffman, LinkedIn Co-Founder and Executive Chairman and Partner at Greylock, will join Gowalla as a board observer. With this latest funding, Gowalla has now raised more than $10 million since it was founded in 2007.

Link:  Press Release

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