Gowalla-walla-walla-huh? Tell me more!
Location-based social app startup Gowalla has raised $8.4 million in second-round funding, ten weeks after launching its iPhone application.
Greylock Partners led the new round, with participation from Shasta Ventures, Maples Investments and several individual investors.
The company says the money be spent on growing its service and development capacities. Gowalla has signed up 50,000 users since its launch, who are 'checking in' to locations more than 20,000 times a day.
The app is in the same space as US rival Foursquare and UK startup Rummble, in that it encourages users to share their location with friends.
Greylock's David Thacker has joined Gowalla's board as part of the funding round, while LinkedIn co-founder Reid Hoffman has joined as a board observer.
Article continues belowAdvertisement
"We believe there is a bright future for location-based applications and we're stoked to have Greylock Partners - with their experience working in large-scale networks like Digg, LinkedIn and Facebook - join us in building our innovative service," says co-founder and CEO Josh Williams.
