The report claimed that the New York startup’s founder Naveen Selvadurai had stated at the MIDEM music industry conference in Cannes, France this weekend that the company was worth over $250m and may seek additional funding in 2011.
However, a Foursquare spokesperson denied the report to us, stating “Naveen did not comment on our valuation or fundraising plans. We’re not currently in the process of fundraising.”
Despite this, er, interesting conflict of reports, things are certainly looking good for the company that kickstarted the current social check-ins craze. It reported earlier today that it had grown 3400% in 2010.