Squarespace Raises $40 Million

By citybizlist Staff


Squarespace Inc. has raised $40 million via sale of shares to an investor, according to an SEC filing.

The sole investor in the Series-B round, according to Crunchbase, was General Atlantic, the Greenwich, Conn.-based investment firm. The company has previously received $38.5 million in Series-A funding in 2010.

Squarespace has developed a SaaS-based content management system that offers website building tools, blogging platform and hosting services. Its service allows clients to create and maintain websites and blogs.

The New York company was founded in 2004 by Anthony Casalena when he was a student at the University of Maryland. He is also the CEO.