Squarespace, Inc. announced that it has received $300 million in funding from a group of investors
March 15, 2021
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Squarespace, Inc announced that it has received $300 million in a round of funding on March 16, 2021. The transaction included participation from new investors Dragoneer Investment Group, LLC, Tiger Global Management LLC, D1 Capital Partners L.P., Fidelity Management & Research Company LLC, funds and accounts advised by T. Rowe Price Associates, Inc., Spruce House Investment Management LLC, and existing investor, General Atlantic Service Company, L.P. The round was raised at an enterprise valuation of $10 billion.
Squarespace, Inc. provides a design-driven platform helping entrepreneurs build brands and businesses online. The Company enables its users in more than 200 countries and territories with all the tools they need to create an online presence, build an audience, monetize, and scale their business. Its suite of products ranges from Websites, domains, e-commerce, and marketing tools, as well as tools for scheduling with Acuity, creating and managing social media presence with Bio Sites and Unfold, and hospitality business management via Tock. It provides tools for customers to transact in the ways that work for their businesses, including scheduling, digital content and hospitality functionality for service sellers and tailored products for physical goods sellers. It provides customers with tools to help them grow their businesses through data insights and marketing amplification. Its customers represent a range of industries and sizes, ranging from sole proprietors to large enterprises.