Squarespace, a New York-based web publishing platform, has closed a $38.5m minority growth investment led by Index Ventures and Accel Partners.
This capital will enable the company Squarespace to expand its operations. It represents the first external financing the company has raised since inception in 2003.
In conjunction with the funding, Dominique Vidal, of Index Ventures growth team, Andrew Braccia, from Accel’s investment team, and Jonathan Klein, Founder and CEO of Getty Images, will join Squarespace’s founder Anthony Casalena on the company’s newly formed board.
Today, Squarespace’s SaaS platform powers tens of thousands of websites, being used by businesses, bloggers, and web developers worldwide.