What is Square?
Founded in 2009 and headquartered in San Francisco, California, Square has revolutionized the way businesses accept payments. The company offers a comprehensive suite of financial products and point-of-sale systems designed to empower merchants of all sizes. Square's innovative solutions have made it a key player in the digital payments and financial services landscape, facilitating seamless transactions and providing valuable business management tools. Its consistent access to significant investment capital reflects strong market confidence in its business model and future prospects.
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 Khosla Ventures and Steamboat Ventures
Series C (2011): $103M supported by Tiger Management and Kleiner Perkins
Series D (2012): $200M featuring Rizvi Traverse Management, Starbucks Coffee Company, and Citi Ventures
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 JP Morgan Securities, Stifel, Nicolaus & Company, Barclays Capital, SMBC Nikko Securities, Goldman Sachs, Jefferies LLC, RBC Capital Markets, Morgan Stanley, Deutsche Bank Securities, and LOYAL3 Securities
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 founded in 2004, known for providing venture assistance and strategic advice to entrepreneurs working on breakthrough technologies across various sectors including fintech and financial services.
Goldman Sachs
Goldman Sachs is a leading global investment banking firm that provides a wide range of financial services, including advisory, underwriting, and asset management, playing an influential role in global capital markets.
Government of Singapore Investment Corporation
GIC is a sovereign wealth fund established in 1981 that manages Singapore's foreign reserves, investing across public and private markets to secure the nation's financial future.
What's next for Square?
With a history of major enterprise-level funding and strategic investments, Square is well-positioned for continued expansion and innovation. The company's trajectory suggests a focus on enhancing its existing product offerings, potentially exploring new market segments, and further solidifying its position as a leader in the fintech industry. Future strategic capital injections or debt financing will likely support its ongoing development of payment processing technologies, point-of-sale hardware, and related financial services, aiming to drive further adoption and revenue growth.
See full Square company page
