Squarespace, which offers tools for individuals and small businesses to build websites and online stores, has raised $40m in Series B funding.
The funding comes from the growth equity firm General Atlantic, and a Squarespace spokesperson confirmed the entire round came from the firm. General Atlantic managing director Anton Levy is joining Squarespace’s board.
Founder’s plans
“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 chief executive Anthony Casalena in the funding release.
Squarespace was founded in 2003 and raised a $38.5m Series A in 2010. The company says it has “hundreds of thousands of customers” who have created “millions” of websites, and it employs 285 people.
