About Square
Square is a Technology company based in San Francisco (United States) founded in 2015 by Broc Miramontes, and was acquired by Square in July 2021. Messaging and scheduling features are provided for mobile workforces. It operates on a SaaS (Software-as-a-Service), Commission-Based, and FinTech model. Square has raised $50 million across 3 funding rounds from investors including Square, Aspect Ventures and Harrison Metal. The company has 31 employees. Square offers products and services including Square Payroll, Square Shifts, Square Team Communication, Square Reader, and Square Terminal. Its focus areas include Financial Technology, Payment Processing, Software and Business Management Software. Its legal entity is Block, Inc. Its competitors include Simpplr, Moveworks and Mask Network; 3 of its 3 listed competitors have raised funding.
Company details
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.
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.
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 $50M
- Total Rounds 3
- Last Round Series C — $35M
- Investors Count 6
All 3 funding rounds of Square with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2018 | $35M | Series C | – | Tenaya Capital, DAG Ventures | |
| May 2017 | $15M | Series B | – | Greylock | |
| Mar 2016 | Seed | – | Harrison Metal, Sequoia Capital | – |
7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage US tech investments are made by Aspect Ventures. | aspectventures.com | Palo Alto, United States | ||
Tech focused VC firm investing in early-stage startups in the US | harrisonmetal.com | San Francisco, United States | ||
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Venture capital firm specializing in early-stage tech investments and founder support. | 1965 | greylock.com | ||
Investment and partnership services for entrepreneurs in finance and growth support. | tenayacapital.com | |||
Mid-stage venture capital investments and support for tech entrepreneurs. | dagventures.com | |||
POS solutions are provided for retail businesses. | 2009 | squareup.com | San Francisco, United States |
Investor details for Square
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People of Square
1 people are tracked at Square (1 in leadership); the tracked headcount is 31.
| Name | Role | Group |
|---|---|---|
Broc Miramontes | Co-Founder & CTO | Leadership |
Complete people profiles for Square
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Timeline of Square
4 dated milestones of Square across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Square is founded.
- Funding First funding round.
- Funding Latest funding round, Series C, of $35.0M.
- Exit Acquired by Square.
Competitors of Square
Square has 3 listed competitors in our database, 3 of them funded. They include Simpplr, Moveworks and Mask Network.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| simpplr.com | 2014 | Milpitas, United States | $118M | An AI platform is utilized for connecting employees across organizations. | ||
| moveworks.com | 2016 | Mountain View, United States | $315M | Cloud based platform for employee communication | ||
| mask.io | 2018 | Champaign, United States | $5M | Provider of encrypted messaging applications |
Detailed competitors of Square
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Web traffic of Square
The website of Square (crewapp.com) receives about 9.2K visits a month.
- Monthly visits9.2K
▲ 10.4% vs previous month
Top companies in Enterprise Collaboration & Video Tools
3 companies that operate in the same segment as Square (Enterprise Collaboration & Video Tools) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based team communication and collaboration platform is provided. | 2009 | San Francisco, California, United States | USD 1.22 B | 2,555 | ||
Collaborative platform for design prototyping and feedback is provided. | 2012 | San Francisco, California, United States | USD 748.62 M | 2,877 | ||
AI-based platform for secure collaboration and content management is utilized. | 2005 | Redwood City, California, United States | USD 692.63 M | USD 1.18 B | 4,447 |
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Related news about Square
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Frequently Asked Questions about Square
Square was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Square is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Square is a funded company, having raised a total of $50M across 3 funding rounds to date.
Square has 31 employees.
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.
Square's top competitors include Moveworks, Mask Network and Simpplr.
Square offers Square Payroll, Square Shifts, Square Team Communication, Square Reader, and Square Terminal.
Square has 7 investors. Key investors include Square, Aspect Ventures, Harrison Metal, Sequoia Capital, and Greylock Partners.
Square operates through Block, Inc..
Yes. Square was acquired by Square in July 2021.