Following a $60 million Series C funding round that was officially announced in December of last year, the Squire Series D funding round has raised another $60 million. The premier leader in the digitization of barbershops, Squire not only streamlines scheduling, payroll and taxes, it also makes everything contactless – a must during an ongoing pandemic.
With this new raise led by Tiger Global and participation from Iconiq Capital, CRV and Trinity Ventures, the company’s valuation now stands around $750 million.
Since many barbers and owners had to rethink their strategies during closure caused by government mandated lockdowns last year, Squire was the perfect solution and rose to the occasion once shops and cities reopened. The company recently announced an official partnership with Gusto to make the Squire app even more efficient and user-friendly – adding in HR, payroll and taxing capabilities.
Speaking with Fortune, CEO and co-founder Songe LaRon said:
“We’ve started seeing more shops coming back online that didn’t close down and their customers coming back with pent up demand.”
This just further emphasizes how much importance people are putting on their own self-care, grooming and wellness these days.
If you’re interested, be sure to read CEO LaRon’s message on the importance of diversity in the tech industry.