What is Square?
Founded in 2009 and headquartered in San Francisco, California, Square has emerged as a pivotal player in the financial technology landscape. The company specializes in providing a comprehensive suite of payment products and point-of-sale systems designed to empower businesses of all sizes. Square's innovative solutions facilitate seamless transactions, streamline business operations, and offer valuable data insights, enabling merchants to manage and grow their enterprises more effectively. Its offerings cater to a broad spectrum of industries, solidifying its position as a versatile and indispensable partner for businesses navigating the complexities of modern commerce.
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 Tiger Management and Kleiner Perkins
Series D (2012): $200M featuring Starbucks Coffee Company, Rizvi Traverse Management, and Citi Ventures
Series E (2014): $150M backed by Goldman Sachs, Government of Singapore Investment Corporation, and Rizvi Traverse Management
Stock Issuance/Offering (2015): $245.7M with participation from Jefferies LLC, Deutsche Bank Securities, LOYAL3 Securities, Goldman Sachs, RBC Capital Markets, Morgan Stanley, JP Morgan Securities, Stifel, Nicolaus & Company, SMBC Nikko Securities, and Barclays Capital
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 is a venture capital firm that provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies. The firm focuses on a broad range of areas including consumer, enterprise, AI, fintech and financial services, semiconductors, health, agriculture/food, sustainable energy, and robotics.
Rizvi Traverse Management
Rizvi Traverse is a company specializing in investment management and advisory services, focusing on providing strategic investment solutions to a diverse range of clients, including institutional investors and high-net-worth individuals.
Government of Singapore Investment Corporation
GIC is a sovereign wealth fund that manages Singapore's foreign reserves, investing across a range of asset classes in both public and private markets to secure the country's financial future.
What's next for Square?
The substantial enterprise-level funding and strategic investments received by Square signal a strong confidence in its future prospects. This capital infusion is likely to fuel further innovation in its product development, particularly in areas such as expanding its ecosystem of financial services, enhancing its hardware offerings, and deepening its market penetration globally. Strategic investments may also be directed towards acquisitions or partnerships that complement its existing business model and accelerate its expansion into new markets or customer segments. Square's continued focus on providing integrated payment and business management solutions positions it for sustained growth and leadership in the evolving fintech industry.
See full Square company page
