Its services are in direct competition with, Wix.com,, and other digital website building agencies. On-screen instructions walk users through things like search engine optimization and setting up e-commerce. Its developers also create custom templates that are sold to users. Its users employ pre-built website templates, and a variety of drag and drop widgets to add elements such as text and images.
John Colton, Senior Vice President, Engineering.Squarespace is managed by CEO and Founder Anthony Casalena. This funding round valued the company at $10 billion. In March 2021, Squarespace raised $300 million in a round of funding led by Dragoneer, Tiger Global, D1 Capital Partners and Fidelity Management & Research Company with participation from existing investors. Securities and Exchange Commission (SEC) to go public through direct listing on the NYSE under the symbol SQSP. In early 2021, the company filed paperwork with the U.S. In April 2021, the company bought hospitality industry management platform Tock for more than $400 million. Squarespace acquired appointment scheduling company Acuity Scheduling in April 2019, followed by the acquisition of Unfold, an app allowing users to editorialize their social media content, in October 2019. In 2018, Squarespace partnered with the Madison Square Garden Company to launch the "Make It Awards", which awarded $30,000 to entrepreneurs (4 winners, totaling $120,000).
This funding was earmarked for reacquiring interests from investors. In 2017, it raised an additional $200 million in funding, boosting its value to $1.7 billion. Īfter the Unite the Right rally in 2017, Squarespace received a petition with 58,000 signatures and removed a group of websites for violating its terms of service against "bigotry or hatred" towards demographic groups. In 2017, it signed a sponsorship deal with the New York Knicks to add the Squarespace logo to their uniforms. Its 2017 ad won an Emmy Award for Outstanding Commercial. Squarespace purchased Super Bowl advertising spots in 2014, 2015, 2016, 20. By 2015, it had reached $100 million in revenue and 550 employees. In April 2014, it received another $40 million in funding. From 2009 to 2012, it grew an average of 266% in yearly revenue. That year, Squarespace received $38.5 million in its first round of venture capital funding led by Index Ventures and Accel Partners, enabling it to hire more staff, continue to develop its software, and double its marketing budget. He moved to New York City, began hiring, and had 30 employees by 2010. īy the time Casalena graduated in 2007, Squarespace was making annual revenues of $1 million. At that time, Casalena was the company's sole developer and employee, and worked out of his dorm room. In January 2004, he launched Squarespace as do it yourself/ drag and drop website builder for the public, with a $30,000 seed fund from his father, a small grant from the university, and 300 beta testers who paid a discounted rate. He started sharing it with friends and family members and participated in a "business incubator" program at the university. Ĭurrent Headquarters of Squarespace in ManhattanĬasalena began developing Squarespace for his personal use while attending the University of Maryland. According to W3Techs, Squarespace is used by 1.9% of the top 10 million websites. It began trading on the New York Stock Exchange on May 19, 2021. By 2014, it raised a total of $78.5 million in venture capital added e-commerce tools, domain name services, and analytics and replaced its coding backend with drag-and-drop features. The company grew from 30 employees in 2010 to 550 by 2015. He was its only employee until 2006 when it reached $1 million in revenue. In 2004, Anthony Casalena founded Squarespace as a blog hosting service while attending the University of Maryland, College Park.
#Square space software
It provides software as a service for website building and hosting, and allows users to use pre-built website templates and drag-and-drop elements to create and modify webpages. is an American website building and hosting company which is based in New York City, USA. Required subscription needed for certain features.
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