Squarespace Raises $40M in Series B Funding

Funding Rounds

▤ Summary

Squarespace, a New York City-based provider of a website publishing and e-commerce platform, raised $40m in Series B funding.The company, which had raised $38.5m from Index Ventures and Accel Partners in 2010 (read here), intends to use the funds to continue scaling its engineering, design, and infrastructure teams to create new products while accelerating global expansion.Led by Anthony Casalena, CEO and Founder, Squarespace provides small businesses and individuals with a platform to build their own personal and business websites.Its platform (starting at $8 a month) allows users to create websites and online stores while a developer platform provides programming tools for designers and website developers.The company currently has 285 employees in New York and Dublin, with a Portland office opening later this year, and has hundreds of thousands of customers in 121 countries.

$ Funding

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Amount $40.0M Total raised
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Date April 15, 2014 Announcement date
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Investors Squarespace, General Atlantic Lead investors
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Company http://www.squarespace.com Funded company

▥ Classifications

industries
Retail
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
SaaS Website Builder Software Ecommerce Software

▦ Linked Companies