Contents
Squarespace, the public face of a NY-based startup that’s been around for a decade, is today announcing that it’s raised $300 million in Series E funding. The round was led by Accel, with participation from GV, General Atlantic, Tiger Global Management, and Ally Ventures.
This takes the total amount of money raised by the company to just shy of $600 million, and at a time when it’s valued at $1.7 billion, according to PitchBook data. So yes, this is a pretty big deal, and it comes off the back of some pretty strong momentum for the company.
Founded in 2003, Squarespace was built as an easy-to-use website creation and hosting platform, and it now claims to power more than a million websites globally. The company has consistently pushed out new features and integrations over the years — including e-commerce support, which is now central to its business — and it’s also focused on its branding, with high-profile ad campaigns that feature famous faces, including Keanu Reeves, Carly Rae Jepsen, and John Malkovich.
But Squarespace’s biggest recent move came in 2014 when it took the decision to go public with its pricing, which had been hidden away behind a request-a-quote form. It was a big change for the company, and it coincided with a complete redesign of its website creation platform and a focus on making things even easier to use.
Squarespace has since added a number of features that have helped it appeal to a wider audience, including the ability to create a website from a Facebook Page, support for multiple languages, and a range of e-commerce features, such as the ability to sell physical and digital goods, subscription products, and services.
The company has also made a number of high-profile partnerships, including with Getty Images, which has seen the stock photography giant make its images available to Squarespace users at a reduced rate.
AndSquarespace’s success isn’t just down to its product — it’s also a result of its marketing strategy. The company has invested heavily in its branding, and its use of famous faces in its advertising campaigns has helped it stand out in a crowded market.
But it’s not just about branding — Squarespace has also been working hard to make sure that its product is easy to use. The company has invested heavily in its customer support team, and it now offers 24/7 phone and email support to all its customers.
Squarespace’s success is also down to its focus on its core product. While the company has added a number of features over the years, it has resisted the temptation to add extraneous features that would clutter its platform and make it more difficult to use.
It’s this focus on its core product that has helped Squarespace attract some high-profile customers, including TED, Harley-Davidson, and Passion Pit.
The company has also been expanding its international reach, and it now has customers in more than 190 countries.
Squarespace’s focus on its product and its international expansion has helped it grow its revenue at a rapid pace. The company’s revenue grew by 50% in 2015, and it is on track to grow by more than 30% in 2016.
The company’s success is even more impressive when you consider that it is up against some very well-funded competitors, including Wix, Weebly, and WordPress.com.
So What’s Next For Squarespace?
The company is clearly on a roll, and its latest funding round will give it the firepower to continue its rapid expansion.
The company is also likely to use some of the money to continue its international expansion, and it is already seeing strong growth in Europe and Asia.
The company is also likely to use some of the money to continue its investment in its product and its branding.
And with its strong focus on its product and its international expansion, Squarespace looks well placed to continue its rapid growth and emerge as one of the leading players in the website creation market.
Squarespace’s Series E Funding Round
Squarespace’s latest funding round was led by Accel, with participation from GV, General Atlantic, Tiger Global Management, and Ally Ventures.
This takes the total amount of money raised by the company to just shy of $600 million, and at a time when it’s valued at $1.7 billion, according to PitchBook data.
Related FAQs
- How much money has Squarespace raised?
Squarespace has raised a total of $600 million.
- How much is Squarespace valued at?
Squarespace is valued at $1.7 billion.
- Who are Squarespace’s competitors?
Squarespace’s main competitors are Wix, Weebly, and WordPress.com.
- What is Squarespace’s focus?
Squarespace’s focus is on its product and its international expansion.
- About squarespace 10b ipoann azevedotechcrunch?
Squarespace is a publicly traded company that offers a website creation and hosting platform. The company is valued at $1.7 billion and has raised a total of $600 million.
- What is squarespace 10b azevedotechcrunch?
Squarespace is a publicly traded company that offers a website creation and hosting platform. The company is valued at $1.7 billion and has raised a total of $600 million.
