Start ups

Squarespace raises $300M at a staggering $10B valuation – TechCrunch

Squarespace has elevated $300 million in a spherical of funding that values the corporation at a staggering $10 billion valuation.

New backers incorporate Dragoneer, Tiger World, D1 Capital Associates, Fidelity Management & Exploration Organization, money and accounts encouraged by T. Rowe Selling price Associates, Inc. and Spruce Property. Current backers Accel and Common Atlantic also participated. 

Squarespace founder & CEO Anthony Casalena explained the fresh money will progress the company’s advancement initiatives and support it scale its solution suite.

The go arrives less than two months after the organization submitted confidentiality to go community through a immediate listing or first public offering.

Squarespace, which has assisted thousands and thousands develop their possess web sites, was started in 2003 and bootstrapped until eventually a $38.5 million Sequence A in 2010 that was co-led by Accel and Index Ventures.

The on line website generation and internet hosting services — which has now expanded into e-commerce by internet hosting online retailers — then raised a different $40 million round in 2014. But it is most likely best identified for its epic 2017-era $200 million secondary spherical that Standard Atlantic financed. That spherical was raised at a $1.5 billion pre-dollars valuation. That signifies it has correctly upped its valuation by far more than 5 situations in just above a few several years.

At that time, TechCrunch noted that Squarespace was a successful company, with revenues raising 50% in the prior 12 months, to about $300 million. Execs are declining to remark on the company’s latest funding spherical further than a write-up on its internet site.

New York Metropolis-primarily based Squarespace has more than 1,200 staff members distribute throughout its headquarters and offices in Dublin, Eire Portland, Oregon and Los Angeles, California. 

 

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