What is Square?
Founded in 2009 and headquartered in San Francisco, Square has fundamentally transformed the point-of-sale experience for merchants and consumers alike. By integrating hardware and software solutions, the company provides a seamless ecosystem for payment processing, business management, and financial services. Its market position is characterized by high-volume transaction processing and a deep integration into the daily operations of small-to-medium enterprises and large-scale retailers. As a leader in the fintech space, Square continues to innovate, leveraging its extensive data capabilities to offer value-added services such as lending and payroll management, thereby deepening its relationship with its diverse user base.
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 Citi Ventures, Starbucks Coffee Company, and Rizvi Traverse Management
Series E (2014): $150M backed by Goldman Sachs, Rizvi Traverse Management, and Government of Singapore Investment Corporation
Stock Issuance/Offering (2015): $245.7M with participation from Goldman Sachs, LOYAL3 Securities, Stifel, Nicolaus & Company, Jefferies LLC, Deutsche Bank Securities, Barclays Capital, SMBC Nikko Securities, Morgan Stanley, RBC Capital Markets, and JP Morgan Securities
Debt (2017): $400M led by Undisclosed
Debt (2018): $750M supported by Undisclosed
Debt (2020): $1B featuring Undisclosed
Key Investors in Square
Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm. It provides a wide range of financial services to corporations, governments, and institutional and individual clients, including mergers and acquisitions advisory, underwriting, asset management, securities trading, and wealth management.
Khosla Ventures
Khosla Ventures 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.
Government of Singapore Investment Corporation
Founded in 1981, GIC is a sovereign wealth fund that manages Singapore's foreign reserves. They work to secure the country's financial future by investing across a range of asset classes in both the public and private markets.
What's next for Square?
Looking ahead, Square is positioned to leverage its substantial capital reserves to further penetrate the enterprise market and enhance its digital commerce offerings. The strategic focus remains on scaling its ecosystem to support more complex financial needs, potentially through further product diversification or targeted acquisitions. By maintaining a strong balance sheet, the company is well-equipped to navigate market volatility while continuing to invest in the technological infrastructure necessary to sustain its long-term growth objectives in the global financial services industry.
See full Square company page
