Squarespace Now Valued at $10B After $300M Investment

by Ellen Glover
March 17, 2021
NYC-based Squarespace raised $300M, now valued at $10B
Image: Shutterstock

Less than two months after confidentially filing to go public, Squarespace has raised a $300 million funding round that brings its total valuation to a whopping $10 billion. New investors include familiar faces like Tiger Global, D1 Capital Partners and Dragoneer. Existing backers including Accel and General Atlantic also participated in the round.

“We’re thrilled to welcome our new investors as we continue scaling our product suite in service of our customers around the world,” Squarespace’s founder and CEO Anthony Casalena said in a statement.

Squarespace first came on the scene in 2003, providing an all-in-one solution for people to build a website and run their business online. It has since expanded further into e-commerce and offers tools for things like marketing, social media and project management too. Today, its platform is used by millions of people in more than 180 countries.

The last time Squarespace raised money was in 2017, when it closed on a $200 million investment from General Atlantic that brought its post-money valuation to $1.7 billion. This means the company has more than quintupled its valuation in just three years.

Now, Squarespace plans to use this fresh funding to advance its growth initiatives and mission to “enable anyone to build a brand” and interact with customers with “an impactful and beautiful online presence.”

No additional details were provided in its press release published Wednesday. However, the company does appear to be in the midst of a hiring push, with more than 80 open tech positions available now at its NYC headquarters.

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