About Square
Square is a company based in San Francisco (United States) founded in 2015 by Broc Miramontes was acquired by Square in July 2021. It operates as a SaaS (Software-as-a-Service), Commission-Based, and FinTech. Square has raised $50 million across 3 funding rounds from investors including Square, Aspect Ventures and Harrison Metal. The company has 31 employees as of December 31, 2022. Square offers products and services including Square Payroll, Square Shifts, Square Team Communication, Square Reader, and Square Terminal. Square operates in a competitive market with competitors including Beekeeper, Simpplr, Moveworks, Mask Network and Workvivo, among others.
- Headquarter San Francisco, United States
- Employees 31 as on 31 Dec, 2022
- Founders Broc Miramontes
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Block, Inc.
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Products & Services of Square
Square offers a comprehensive portfolio of products and services, including Square Payroll, Square Shifts, Square Team Communication, Square Reader, and Square Terminal. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Full-service payroll with automated tax filings is provided.
Scheduling and timecard management tools are offered here.
Instant messaging and announcements are facilitated for teams.
Contactless and chip card payments are accepted easily.
All-in-one credit card terminal is provided for payments.
Funding Insights of Square
Square has successfully raised a total of $50M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $35 million completed in December 2018. 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 3
- Last Round Series C — $35.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Series C - Square | Valuation | Tenaya Capital , DAG Ventures | |
| May, 2017 | Amount | Series B - Square | Valuation | Greylock | |
| Mar, 2016 | Amount | Seed - Square | Valuation | Harrison Metal , Sequoia Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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
Square has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Square, Aspect Ventures and Harrison Metal. 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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Early-stage US tech investments are made by Aspect Ventures.
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Founded Year | Domain | Location | |
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Tech focused VC firm investing in early-stage startups in the US
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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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
| 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
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Comparisons
Competitors of Square
Square operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Beekeeper, Simpplr, Moveworks, Mask Network and Workvivo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Enterprise communication platform is offered for multiple industries.
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| domain | founded_year | HQ Location |
An AI platform is utilized for connecting employees across organizations.
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| domain | founded_year | HQ Location |
Cloud based platform for employee communication
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| domain | founded_year | HQ Location |
Provider of encrypted messaging applications
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| domain | founded_year | HQ Location |
Employee engagement and internal communications software platform is provided.
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| domain | founded_year | HQ Location |
Anonymous employee feedback is facilitated via software for team analysis.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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
Frequently Asked Questions about Square
When was Square founded?
Square was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Square located?
Square is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Square a funded company?
Square is a funded company, having raised a total of $50M across 3 funding rounds to date.
How many employees does Square have?
As of Dec 31, 2022, the latest employee count at Square is 31.
What does Square do?
Square, operated by Block, Inc., offers a range of staff management tools and payment processing solutions. Services include payroll management, team scheduling, and communication tools integrated with point-of-sale systems. Hardware products such as Square Reader and Terminal facilitate contactless and chip card transactions. The company serves various sectors including retail, food and beverage, and professional services. Custom integrations through APIs and third-party app compatibility are also supported. Operations span multiple countries, catering to diverse business needs with secure and efficient tools.
Who are the top competitors of Square?
What products or services does Square offer?
Square offers Square Payroll, Square Shifts, Square Team Communication, Square Reader, and Square Terminal.
Who are Square's investors?
Square has 7 investors. Key investors include Square, Aspect Ventures, Harrison Metal, Sequoia Capital, and Greylock Partners.