Silver Lake participates in Foursquare financing

Global social network Foursquare has brought in Silver Lake’s Waterman Fund in a $41m financing round that includes convertible debt from existing investors. 

Social media company Foursquare has raised $41 million through a combination of investors that includes Silver Lake’s growth debt Waterman Fund, as well as convertible debt from Andreessen Horowitz, O’Reilly AlphaTech Ventures, Spark Capital and Union Square Ventures, according to a statement released on the company’s blog.

Foursquare declined to disclose any additional details on how the $41 million was structured, except to say that Silver Lake Waterman is the only new investor in the company.

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