Squire Technologies, a NYC- and Buffalo, NY-based provider of a platform for barbershops around the world to operate and scale their businesses, secured $59m in a Series C funding.
The round, which included $44m in equity financing and $15m in debt financing and brought total amount raised to date to approx. $105m, was led by ICONIQ Capital with participation from Tiger Global, Charles River Ventures, Trinity Ventures, New General Market Ventures, and SoftBank Opportunity Fund, as well as celebrity and strategic investors Stephen Curry, Trevor Noah, Quincy Jones, Tooey Courtemanche, Ara Mahdessian, Vahe Kuzoyan, and Pharrell Williams.
Led by and Songe LaRon, Co-Founder, and CEO, and Dave Salvant, Co-Founder, and President, Squire provides a platform for barbershops and men’s salons to operate and scale their businesses. The software can serve independent professionals, stand-alone locations, and multi-location franchises, with tools such as Point of Sale, Scheduling, Payroll, CRM, and a host of other features.
The company also maintains operations in 35 major cities across the United States, Canada, and the United Kingdom. It has processed over $100M of payments for over 1,000 shops to date.