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Squarespace, the website-building and hosting platform, has raised $300 million in a round of funding that values Squarespace at $10 billion. This comes just two months after Squarespace filed confidentially to go public via a direct listing or an IPO.
This is a massive vote of confidence in Squarespace, which has seen incredible growth over the past few years. Millions of people worldwide now use Squarespace to build beautiful websites, and the company has been profitable for the past three years.
Squarespace CEO Anthony Casalena said the new funding would invest in product development and international expansion.
Casalena stated that “We are in a strong place to continue executing the long-term vision.” “This funding will increase our ability to invest Squarespace 7, expand our global reach, and solidify our position in Squarespace 7 as the best platform for people looking to start a business. A website.
Squarespace was founded in 2003 and has been profitable for the past three years. The company has raised a total of $429 million in funding, and its last round of funding was a $40 million Series E in 2014 that valued Squarespace at $1.7 billion.
With this new round of funding, Squarespace is now worth ten times what it was three years ago. Squarespace is one of the most valuable private companies in the world, and it is well on its way to becoming a public company.
Mary Ann Azevedo is a reporter for TechCrunch. She covers startups, venture capital, and tech news.
What is Squarespace?
Squarespace is a website builder, e-commerce platform, and hosting service that allows users to create professional-looking websites without any prior coding knowledge.
How much does Squarespace cost?
Plans start at $12 per month for the Personal plan, which includes features like unlimited pages and galleries, a free custom domain for one year, and 24/7 customer support.
What are some of Squarespace’s features?
Squarespace’s features include a drag-and-drop interface, templates optimized for mobile devices, e-commerce functionality, and 24/7 customer support.
How do I sign up for Squarespace?
You can sign up for Squarespace by visiting their website and selecting the plan that best fits your needs.