squarespace

Website-Building Platform Squarespace Raises Another $40M

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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.