What is Square?
Founded in 2009 and headquartered in San Francisco, Square provides comprehensive payment products and point-of-sale systems designed to streamline commerce for businesses of all sizes. The company operates at the intersection of fintech and enterprise software, offering a suite of tools that facilitate seamless transaction processing, inventory management, and financial services. Its market position is defined by its commitment to digital innovation, enabling merchants to accept payments and manage operations through integrated, user-friendly platforms.
How much funding has Square raised?
Square has raised a total of $2.9B across 9 funding rounds:
Series B
$31.8M
Series C
$103M
Series D
$200M
Series E
$150M
Stock Offering
$245.7M
Debt
$400M
Debt
$750M
Debt
$1B
Series B (2011): $31.8M led by Steamboat Ventures and Khosla Ventures
Series C (2011): $103M supported by Kleiner Perkins and Tiger Management
Series D (2012): $200M featuring Rizvi Traverse Management, Citi Ventures, and Starbucks Coffee Company
Series E (2014): $150M backed by Rizvi Traverse Management, Goldman Sachs, and Government of Singapore Investment Corporation
Stock Issuance/Offering (2015): $245.7M with participation from Morgan Stanley, LOYAL3 Securities, JP Morgan Securities, Jefferies LLC, SMBC Nikko Securities, Stifel, Nicolaus & Company, Deutsche Bank Securities, Barclays Capital, RBC Capital Markets, and Goldman Sachs
Debt (2017): $400M led by Undisclosed
Debt (2018): $750M supported by Undisclosed
Debt (2020): $1B featuring Undisclosed
Key Investors in Square
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies, focusing on a broad range of areas including fintech and enterprise software.
Kleiner Perkins
A Menlo Park-based venture capital firm that invests in early and growth-stage technology companies, providing operational support from seed through IPO.
Goldman Sachs
A leading global investment banking and securities firm that provides strategic advisory services and capital market expertise to institutional clients worldwide.
What's next for Square?
Looking ahead, Square is well-positioned to leverage its substantial capital reserves to further penetrate the enterprise market and expand its suite of financial services. The strategic focus will likely remain on enhancing its ecosystem through technological advancements and potential market consolidation. By maintaining its momentum in the fintech sector, the company is poised to continue its growth trajectory, addressing the evolving needs of global commerce while maintaining its competitive edge in payment processing and merchant services.
See full Square company page
