Foursquare just announced that CEO and co-founder Dennis Crowley is dropping the former title and taking on the new role of Executive Chairman. Jeff Glueck, who has been COO for the past year is taking over as CEO.
Steven Rosenbaltt, who has been with the company for four years is also becoming President, and will oversee revenue and B2B offerings that are becoming an increasingly important part of the company's business.
— Dennis Crowley (@dens) January 14, 2016
Foursquare also secured some new funding. The company says on its blog:
In addition, we are thrilled to share that we’ve just closed a new round of growth funding that will give us the fuel we need to continue enhancing our apps and to build out our location intelligence, which is the foundation of everything we do. (For more details on these updates and a personal note from Dennis, check out and follow our Medium Publication, Foursquare Direct.)
The best part? These changes will sustain and support us so we can continue to bring you the engaging products, cool data offerings and fun trend stories that we know you love.
Foursquare provides its data to Apple, Twitter, and Pinterest in deals, which the company considers among contributors to its biggest revenue year so far.
Apple says Apple Maps, which uses Foursquare data (among many other sources) is now used more than three times as often as Google Maps on iPhones and iPads.