About Square 1 Bank
Square 1 Bank is a company based in Durham (United States) founded in 2005 was acquired by Pacific Western Bank in March 2015.. Square 1 Bank has raised $70.96 million across 4 funding rounds from investors including Patriot Financial Partners and Pacific Western Bank.
- Headquarter Durham, United States
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$70.96 M (USD)
in 4 rounds
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Latest Funding Round
$1.84 M (USD), Series A
Nov 27, 2012
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Investors
Patriot Financial Partners
& 1 more
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Employee Count
Employee Count
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Acquired by
Pacific Western Bank
(Mar 04, 2015)
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Funding Insights of Square 1 Bank
Square 1 Bank has successfully raised a total of $70.96M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1.84 million completed in November 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $1.8M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2012 | Amount | Series A - Square 1 Bank | Valuation |
investors |
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| Oct, 2012 | Amount | Series A - Square 1 Bank | Valuation |
investors |
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| Jun, 2010 | Amount | Series A - Square 1 Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Square 1 Bank
Square 1 Bank has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Patriot Financial Partners and Pacific Western Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are targeted at US companies.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Square 1 Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Square 1 Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Square 1 Bank Comparisons
Competitors of Square 1 Bank
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Square 1 Bank
Frequently Asked Questions about Square 1 Bank
When was Square 1 Bank founded?
Square 1 Bank was founded in 2005 and raised its 1st funding round 5 years after it was founded.
Where is Square 1 Bank located?
Square 1 Bank is headquartered in Durham, United States. It is registered at Durham, North Carolina, United States.
Is Square 1 Bank a funded company?
Square 1 Bank is a funded company, having raised a total of $70.96M across 4 funding rounds to date. The company's 1st funding round was a Series A of $48.5M, raised on Jan 01, 2010.
What does Square 1 Bank do?
Square 1 Bank was founded in 2005 and is headquartered in Durham, United States. Operations are centered in the financial services sector, with a focus on supporting venture-backed companies. Venture debt financing is offered alongside treasury management and cash handling solutions. The banks domain, square1bank.com, facilitates digital access to these services across the region. Core activities emphasize tailored banking for startups and growth-stage firms in the technology and innovation spaces.
Who are Square 1 Bank's investors?
Square 1 Bank has 2 investors. Key investors include Patriot Financial Partners, and Pacific Western Bank.
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