Foursquare has raised another $35 million in a Series D round of funding, the company announced Thursday.
The new round, which was first reported by AllThingsD, comes less than a year after it raised a $41 million financing round and brings the company's total financing to nearly $150 million. It also gives it a valuation of "just over" $600 million, according to the report.
[seealso slug="free-iphone-apps-every-day/"]
Foursquare has been trying to prove that it can create a sustainable business, as reports at the end of 2012 suggested investors were worried about the company's user growth and monetization strategy. In recent months, Foursquare has expanded its ad offerings.
"This investment means that we can build our vision even faster," Dennis Crowley, Foursquare cofounder and CEO, wrote in the blog post. He also revealed that Foursquare now has 45 million users.
The latest round of funding was led by DFJ Growth and Capital Growth.