Website-Building Platform Squarespace Raises Another $40M

TechCrunch

Squarespace , which offers tools for individuals and small businesses to build websites and online stores, just announced that it has raised $40 million in Series B funding.

The funding comes from growth equity firm General Atlantic. (A Squarespace spokesperson confirmed that the round came exclusively from GA.) Managing director Anton Levy is joining Squarespace’s board of directors.

« This partnership with General Atlantic signals the scaling of our ambition – we will improve the overall Squarespace experience, make it available to more people around the world, and demonstrate a commitment to products that go beyond websites and online stores, » said founder and CEO Anthony Casalena in the funding release.

The company was founded in 2003, raising a $38.5 million Series A back in 2010. Squarespace says it has « hundreds of thousands of customers » who have created « millions » of websites, with 285 employees.

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