
Foursquare, the popular location-based social network, has just received a 15 million dollar investment from Microsoft. This equity investment from the Redmond company comes after a successful $35mn round of VC funding for the New York based Startup in December last year, reports the Wall Street Journal. Along with this fresh investment, Microsoft has also entered into a multi-year deal with Foursquare for licensing its vast location-based data. This will apparently be put to use in its Search Engine Bing, and naturally in Windows Phone too, as an extension. Foursquare has a massive point of interest database that’s heavily crowd sourced with tips, check ins, comments and so forth, hence we think this deal is a biggie for Microsoft.
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