Gowalla, an Austin, Texas-based location-based social networking service which allows people to share their favorite places and events with friends, announced the completion of a $8.4m Series B equity financing round.
With this funding, the company has raised over $10m since its inception in 2007.
The round was led by Silicon Valley-based venture capital firm Greylock Partners.
The Gowalla service is currently available on iPhone and Android and new funds will be used to strengthen growth efforts and further enhance the company’s development capability.
FinSMEs
09/12/2009