negativeSYS.SOURCE: TechCrunch• 2026-10-21T14:03:11Z

Foursquare Co-Founder Reports No Returns for Equity Holders Post-Acquisition

#startups #venture #acquisition #enterprise

Foursquare co-founder Dennis Crowley revealed that equity holders received no returns from the company's 2026 acquisition by Infillion, despite prior enterprise success. The acquisition followed a decline in value after management changes and the shutdown of Foursquare's app in 2024.

Foursquare raised $411 million in funding according to PitchBook data, but its equity holders saw no returns from its final acquisition.

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