On Tuesday, April 7, 2020, at 10:30 a.m. EDT (2:30 p.m. GMT), Azevedo will take the stage at TechCrunch Disrupt to announce that Squarespace has raised $300 million in new funding.
The round is led by Dragoneer Investment Group, with participation from GV, Accel, and Tiger Global Management. This brings total funding to $450 million and values the company at $10 billion.
Squarespace is best known for its website builder, which allows users to create professional-looking websites without any prior coding knowledge. The company also offers e-commerce, domain name, and hosting services.
In recent years, Expanded its platform to include other business tools, such as email marketing and analytics. It also launched a logo maker last year.
Squarespace 300m Azevedotechcrunch
With this new funding, Plans to invest further in product development and international expansion. The company will also use the money to build its sales and marketing teams.
“We’re at an inflection point in both the company’s history and the web’s,” says Azevedo in a statement. “Squares has a unique opportunity to take advantage of the digital experience boom caused by the pandemic. This new funding will allow us to invest in our product and go after larger markets.”
Since its launch in 2003, Squarespace has helped millions of people bring their ideas to life online. The company’s platform makes it easy for anyone to create a beautiful website, blog, or online store.
Squarespace has its headquarters in New York City, with offices in Dublin, Ireland and Portland, Oregon. The company has more than 800 employees worldwide.
This new funding will allow to invest in product development and international expansion and build out its sales and marketing teams. With this injection of cash, the company is poised to take advantage of the growing trend of businesses moving online.
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 funding has Squarespace raised?
Squarespace has raised $450 million in total funding, with the latest round being a $300 million investment led by Dragoneer Investment Group.
What is Squarespace’s valuation?
Squarespace is valued at $10 billion.
What will Squarespace use the new funding for?
The company plans to use the new funding to invest in product development and international expansion and build out its sales and marketing teams.