The financing is intended to fuel the expansion of Gowalla’s Mobile Social Networking Service.
Gowalla has announced the completion of a Series B funding round totaling US$ 8.4 million. Silicon Valley-based venture capital firm Greylock Partners led the round. The capital infusion will be used to strengthen growth efforts and further enhance Gowalla’s development capability. With this latest funding, Gowalla has now raised more than US$10 million since it was founded in 2007.
“Gowalla has rapidly attracted a passionate user base by creating an innovative, useful service that is also a lot of fun,” says Greylock’s David Thacker, who has joined Gowalla’s board of directors as part of this investment. “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.”
David Thacker, a native of Austin, Texas, works out of Greylock’s Silicon Valley office where he invests in consumer Internet and enterprise software ventures and advises several Greylock companies including Auditude, Oodle, Pandora and Redfin. David has hands-on operating and product experience from high growth technology businesses, including five years at Google, where he oversaw the development of key components of Google’s advertising products and drove the expansion of products into international markets.
In the ten weeks since Gowalla officially launched, 50,000 users have joined the service. In that short period its community has created and checked in at 150,000 locations in over 8,500 cities representing 100 countries around the world. Gowalla is now seeing more than 20,000 check-ins daily and its users are adding new locations at a rate of 3,500 or more each day.