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Squarespace Hits $10 Billion Valuation
Web site constructing service Squarespace is now valued at $10 billion after a current $300 million funding spherical. Taking part traders included Dragoneer, Tiger International, D1 Capital Companions, and Constancy Administration & Analysis Firm. Squarespace has seen surging demand for its companies as companies have shifted their operations on-line through the pandemic. Since its founding in 2003, it has expanded past easy web site templates to supply ecommerce assist and different options for its purchasers.
This funding was introduced lower than two months after Squarespace confidentially filed to go public by way of both a direct itemizing or an IPO. The corporate is anticipated to make its public debut someday this yr.
Yotpo Raises Recent Funds for Ecommerce Advertising
Ecommerce advertising firm Yotpo has raised $230 million in a Collection F spherical led by Bessemer Enterprise Companions and Tiger International. Yotpo is now valued at $1.4 billion.
Yotpo provides manufacturers a one-stop-shop for all their ecommerce advertising wants. It serves small purchasers in addition to massive manufacturers like Patagonia and Steve Madden (SHOO). As ecommerce has boomed, so has demand for Yotpo’s companies. Income from its SMS advertising product climbed by 170% final yr, and income from its loyalty and referrals program practically doubled throughout the identical timeframe.
SecurityScorecard Raises $180 Million in Collection E Spherical
SecurityScorecard has raised $180 million in a Collection E spherical with participation from new traders together with Silver Lake Waterman and T. Rowe Worth, and present traders together with Evolution Fairness Companions and Confederate. This may very well be the corporate’s final fundraising spherical earlier than it goes public, although it has not shared particular details about its plans to make a public debut.
SecurityScorecard helps corporations consider the safety dangers of their distributors. It provides distributors a safety letter grade primarily based on a wide range of components. Up to now, SecurityScorecard has rated over 2 million corporations around the globe.
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