Squarespace Files S-1, Revealing Strong Subscription Increases And A Growing Commerce Business
Squarespace launched publicly in 2004 before raising its first round of funding from investors including Accel and Index Ventures. As a private company, Squarespace raised more than $578 million in funding. The company reported $621 million in revenue in 2020, up 28 percent from around $485 million in 2019. Squarespace is profitable, generating net income of $30.5 million in 2020, down from $58.1 million last year. One notable risk factor mentioned is Squarespaceâ€™s reliance on a single supplier to process payments from customers: Stripe.