Gowalla Raises $8.4 Million From Greylock and Several Angel Investors
Gowalla is a location based social networking website that has raised $8.4 million in funding. Greylock Partners was the lead investor and the company plans to use the funding to strengthen their development capabilities. Thus far Gowalla has raised over $10 million since they started in 2007.
“Gowalla has rapidly attracted a passionate user base by creating an innovative, useful service that is also a lot of fun,” stated Greylock’s David Thacker. “It’s exciting to discover new places and earn stamps for your passport from places as diverse as Buckingham Palace and the Sydney Opera House to the San Francisco Museum of Modern Art and the coffee shop down the street. Gowalla also connects you with your friends, letting you share your travels and meet up with others in real time.” Thacker has joined the Gowalla Board of Directors as part of the investment.
LinkedIn co-founder and Greylock Partner Reid Hoffman also joined Gowalla’s board of directors as an observer.
Other investors in Gowalla include Jason Calacanis, Kevin Rose, Maples Investments, Shasta Ventures, Ron Conway, Gary Vaynerchuk, Shervin Pishevar, and Chris Sacca. Previous investors Alsop-Louie Partners and Founders Fund also participated in this round.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry