Squarespace Inc said on Tuesday it raised about $300 million in its latest funding round, valuing the website building and hosting company at $10 billion, less than two months after confidentially filing paperwork for a U.S. stock market listing.
New investors included Dragoneer, Tiger Global and D1 Capital Partners, the company said, adding that the proceeds will be used to fund its growth.
Squarespace submitted the paperwork in January, without specifying if it would go public through a direct listing or a traditional initial public offering.
The New York-based company, founded in 2003 by Chief Executive Officer Anthony Casalena, was valued at $1.7 billion at the end of 2017, when private equity firm General Atlantic invested $200 million in the company, according to PitchBook.
Existing investors such as General Atlantic and Accel also participated in the latest funding round, Squarespace said.
Source: Reuters
Can’t stop reading? Read more
PAI Partners-backed Compleat Food Group acquires Freshpak in latest platform expansion
PAI Partners-backed Compleat Food Group acquires Freshpak in latest platform expansion PAI...
Sycamore secures $10bn deal for Walgreens Boots Alliance as shareholders greenlight takeover
Sycamore secures $10bn deal for Walgreens Boots Alliance as shareholders greenlight takeover...
Clessidra launches €200m Green Harvest fund to back Italy’s agrifood champions
Clessidra launches €200m Green Harvest fund to back Italy’s agrifood champions Clessidra Private...