Squarespace, a NYC-based website building and ecommerce platform, raised approximately $300m in funding at an enterprise valuation of $10 billion.
The round includes new investors Dragoneer, Tiger Global, D1 Capital Partners, Fidelity Management & Research Company, funds and accounts advised by T. Rowe Price Associates, Inc. and Spruce House with participation from existing investors Accel and General Atlantic.
The company intends to use the funds to expand operations and its business reach.
Led by Founder & CEO Anthony Casalena, Squarespace is a website building and ecommerce platform that enables users to build a brand and transact with their customers. Its suite of products enables anyone at any stage of their journey to manage their projects and businesses through websites, domains, ecommerce, marketing tools, scheduling, and with Unfold, tools for managing a social media presence. The company currently has customers in 180+ countries and a team of more than 1,200 across New York City, Dublin, Ireland, Portland, Oregon and Los Angeles, California based offices.