-65%

est. 2Y upside i

Series C

Rank

#3116

Sector

Location Data, AdTech

Est. Liquidity

~3Y

Data Quality

Data: Low

Foursquare presents a moderate upside opportunity for a job seeker, driven by its established market leadership in enterprise location intelligence and a large, growing TAM.

Last updated: March 10, 2026

Bull (20%)+150%

Foursquare successfully leverages its enhanced geospatial data (Foursquare Graph, Hex Tiles) and strategic acquisitions (Unfolded, VSG Commerce) to capture significant market share in the growing enterprise location intelligence sector, pushing its valuation to $1.5B+ by expanding into new verticals and securing major platform partnerships.

Base (45%)+25%

Foursquare maintains its position as a key provider of location data and tools for enterprise clients, achieving steady growth in its licensing and analytics businesses. The company reaches a valuation of approximately $750M, reflecting consistent performance but facing ongoing competitive pressures.

Bear (35%)-50%

Increased competition from dominant incumbents and challenges in scaling its enterprise offerings lead to slower-than-expected growth. The company struggles to overcome the impact of recent layoffs and consumer app shutdown, resulting in a down round or exit at a $300M valuation, significantly eroding common stock value due to the large liquidation preference.

Est. time to liquidity~3.0 years

Preference Stack Risk

severe

Investors hold $448M in liquidation preferences. In an exit at or below the estimated $600M valuation, common stock holders would receive a significantly reduced amount, or potentially nothing if the exit is below $448M.

Dilution Risk

moderate

Foursquare has raised 11 rounds of funding, and while the last major round was in 2019, a smaller round in 2025 suggests ongoing capital needs, indicating potential for further dilution.

Secondary Liquidity

none

Foursquare stock is not currently traded in the private markets, and there is low market activity with no active buyers or sellers reported.

Questions to Ask at the Interview

Strategic questions based on Factual's data — designed to show you've done your homework.

  • 1

    “Given the high incumbent threat from companies like Google and Apple in the location data space, how does Foursquare plan to further differentiate its enterprise offerings and maintain its competitive moat?”

  • 2

    “With the sunsetting of the Foursquare City Guide app and recent layoffs, how is the company ensuring sustained growth and profitability in its core enterprise data and intelligence business, and what are the key revenue drivers for the next 2-3 years?”

  • 3

    “Considering Foursquare's long private history and the significant amount of capital raised, what is the company's updated strategy and timeline for a liquidity event for employees, and how is the preference stack being managed to ensure meaningful common stock returns?”

Community

Valuation Sentiment

Our model estimates -65% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.