Squarespace is a website-building and hosting platform is announcing a $300 million investment in a round of capital that puts the value of Squarespace at around $10 billion. The news comes just 2 months since Squarespace has filed a confidential application to make public its business through straight listing. This is also known as an IPO.
This is a huge vote of faith on Squarespace that has experienced remarkable growth over the last few years. Many millions of people around the world utilize Squarespace to create stunning websites. The company is profitable over the past three years.
Squarespace President Anthony Casalena said the new funds will go towards the development of new products and expansion into international markets.
Casalena declared she believes that “We stand in a good position to carry out the long-term strategy.” “This investment will improve our capacity to invest in Squarespace 7 and increase our reach globally and strengthen our standing within Squarespace 7 to be an excellent platform for those seeking to establish an enterprise. A website.
Squarespace was established at the end of 2003. It has been doing well for the last three years. Squarespace has raised $429 million in funding and the last round of financing was an investment of $40 million in Series E in 2014. The 2014 round estimated Squarespace at $1.7 billion.
With the latest round of financing, Squarespace is now worth 10 times more than it was just three years ago. Squarespace is among the most important private firms around the globe and is on its path to becoming a publicly traded business.
Mary Ann Azevedo is a reporter at TechCrunch. She writes about venture capital, startups as well as tech news.
What exactly is Squarespace?
Squarespace is a site builder, e-commerce platform along with a host service, that permits users to build professionally-looking websites with no prior knowledge of coding.
How much does Squarespace cost?
Plans start at only $12 each month, to The Personal Plan, which comes with options like unlimited galleries and pages and a domain that is free for one year, as well as 24 hour customer support.
What are some Squarespace’s characteristics?
Squarespace’s features include a drag and drop interface, templates designed for use on smartphones, online shopping features and 24-hour customer support.
How do I sign-up to sign up for Squarespace?
You can sign-up for Squarespace through their website and choosing which plan desirable matches your needs.