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Gowalla raises USD8.4m led by Greylock Partners

Gowalla, a location-based social networking service, has completed a series B funding round totalling USD8.4m.

Silicon Valley-based venture capital firm Greylock Partners led the round.

The capital infusion will be used to strengthen growth efforts. With this latest funding, Gowalla has now raised more than USD10m since it was founded in 2007.

Gowalla encourages people to share their favourite places and events with friends while discovering the world around them. The Gowalla service is currently available on iPhone and Android.

“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 (pictured), who has joined Gowalla’s board of directors. “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.”

Reid Hoffman, LinkedIn co-founder and executive chairman and partner at Greylock, will join Gowalla as a board observer.

New investors joining this round include Shasta Ventures, Maples Investments, Ron Conway, Kevin Rose, Gary Vaynerchuk, Shervin Pishevar, Jason Calacanis and Chris Sacca. Existing investors Alsop-Louie Partners and Founders Fund also participated in the round.

In the ten weeks since Gowalla officially launched, 50,000 users have joined the service.

“We believe there is a bright future for location-based applications and we’re stoked to have Greylock Partners – with their experience working with large-scale networks like Digg, LinkedIn and Facebook – join us in building our innovative service,” says Josh Williams, co-founder and chief executive of Gowalla.

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