Squarespace has actually raised $300 million in a round of financing that values the business at an incredible $10 billion appraisal.
New backers include Dragoneer, Tiger Global, D1 Capital Partners, Fidelity Management & & Research Business, accounts and funds advised by T. Rowe Rate Associates, Inc. and Spruce Home. Existing backers Accel and General Atlantic also took part.
Squarespace founder & & CEO Anthony Casalena stated the fresh capital will advance the business’s growth efforts and help it scale its product suite.
The relocation comes less than 2 months after the company filed confidentiality to go public by means of a direct listing or initial public offering.
Squarespace, which has helped millions produce their own sites, was established in 2003 and bootstrapped up until a $38.5 million Series A in 2010 that was co-led by Accel and Index Ventures.
The online website development and hosting service — — which has actually now expanded into e-commerce by hosting online shops — — then raised another $40 million round in 2014. It is perhaps best understood for its epic 2017-era $200 million secondary round that General Atlantic funded. That round was raised at a $1.5 billion pre-money appraisal.
At that time, TechCrunch reported that Squarespace was a rewarding business, with revenues increasing 50% in the previous year, to about $300 million. Execs are decreasing to comment on the company’s most current financing round beyond a post on its website.
New York City-based Squarespace has over 1,200 workers spread out across its head office and workplaces in Dublin, Ireland; Portland, Oregon; and Los Angeles, California.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.