Skip to content

Squire Announces Series C and Triples Valuation

Media Coverage

43North Y4 portfolio company Squire announced a Series C raise of nearly $60 million at a $250 million valuation, nearly triple the company’s valuation of its June 2020 Series B raise.

The raise, which ICONIQ Capital led with participation from Tiger Global, Charles River Ventures, Trinity Ventures, New General Market Ventures and SoftBank Opportunity Fund, is the company’s more significant funding round to date. It includes $44 million in equity financing and $25 million in debt financing bring the total raised since the company’s inception to $105 million. 

The round included backing by celebrity and strategic investors like Stephen Curry, Trevor Noah, Quincy Jones, Tooey Courtemanche, Ara Mahdessian, Vahe Kuzoyan and Pharrell Williams.

Taking on $15 million in debt financing, Squire created a banking-as-a-service feature for small and medium business owners struggling to secure loans and financing because of shutdowns and other threats caused by the coronavirus pandemic. 

In an interview with TechCrunch, Squire co-founder Dave Salvant said, “This market is underserved by traditional financial institutions,” Salvant said. “And we think there’s opportunities to help these owners with financial tools.”

Squire will use the raised capital to increase its staff of 100 by hiring new sales and marketing professionals. Its future plans include expanding into new markets such as Australia, Canada and the U.K.


Tags: 43North, 43North Winners, News, squire, startups, techcrunch

More blog posts

Upstate New York Tech Hub Wins $40 Million Federal Investment

Original Article by the Buffalo News The upstate New York “tech hub” between Buffalo and Syracuse will receive $40 million in federal funding in an attempt to make the region home to a reborn American microchip industry. Senate Majority Leader Chuck Schumer, who authored the legislation creating the federal tech hubs and who pushed hard

essential soft skills for startups
Navigating Startup Success: Essential soft skills Startups

Technical expertise and hard skills go a long way toward success, but you need a little something extra in a dynamic and fast-paced startup environment. A unique set of soft skills, or as we like to call them (super) human skills, comes in handy. These intangible qualities can make all the difference between surviving and

Top Seedz featured in CNBC Make It

Check out Top Seedz (Y7) featured in CNBC Make It written by Tom Huddleston, Jr. Founder Rebecca Brady’s journey from making homemade snacks to building a business projected to bring in $10M this year showcases true innovation and resilience. Top Seedz is experiencing rapid national growth and is expanding its new facility in Buffalo.