When the company’s existing backers Accel and Normal Atlantic participated in this new funding spherical, a number of new backers together with Dragoneer, Tiger World, D1 Funds Partners, Fidelity Administration & Investigate Organization, funds and accounts recommended by T. Rowe Cost Associates, Inc. and Spruce Household also contributed.
In a article on its web site, founder and CEO of Squarespace Anthony Casalena welcomed the new investors that will enable the enterprise to more scale its suite of items, saying:
“We’re thrilled to welcome our new traders as we keep on scaling our product suite in support of our prospects all-around the environment.”
Squarespace’s most up-to-date funding round arrives fewer than two months right after the corporation confidentially filed to go community by either a immediate listing or original public featuring.
The corporation was to start with established in 2003 and was bootstrapped up until eventually 2010 when it lifted $38.5 million in a Sequence A funding spherical co-led by Accel and Index Ventures. Then in 2014, Squarespace was equipped to elevate an additional $40 million but a few years later on, it brought in $200 million from Normal Atlantic to further fund its enlargement.
All through its 18 yr historical past, Squarespace has assisted thousands and thousands of buyers around the environment build an on the internet presence many thanks in part to its drag-and-drop web-site builder. In modern yrs while, the firm has expanded into the ecommerce market by enabling people to host on the internet outlets on its web site.
Web page creation arrived at an all-time higher all through the pandemic and in our progressively digital world, need for web-site builders and world wide web web hosting providers is only most likely to maximize going ahead.