Foursquare Rings In Mashable’s Social Media Day 2010 with $20 Million

Happy Social Media Day Day from The Buyer Group! Drinks are on Foursquare.

Social media day and Foursquare Financing- The Buyer Group

As social tweet-ups and meet-ups inspired by Mashable’s Social Media Day happen across the world, the real party is at the Foursquare offices in New York after the social networking service announced it had raised $20 million from venture capitalists.

Foursquare, a social networking service that allows users to broadcast their location to friends from a mobile phone, has more than 1.8 million users and is adding new ones at the rate of roughly 10,000 a day, according to The New York Times.

Foursquare’s founding entrepreneurs, Dennis Crowley and Naveen Selvadurai, said the venture capital cash would be used to enhance its technology infrastructure and expand the site’s staff.

So in honor of Foursquare, Check-In tonight at Boca Raton’s Mashable’s Meet-Up and chime in on Twitter using #smday:

The Funky Buddha Lounge Boca Raton – 8 PM

Learn more about the Foursquare Investment and follow @dens, @naveen, @bhorowitz and @foursquare.