Tuesday, July 24, 2012

Square Near a Deal to Value It at $3.25 Billion

Square, the mobile payments supplier, is close to raising roughly $200 million in new funding, with an implied valuation of $3.25 billion, the NYTimes reports.

The funding represents the company’s third significant capital raising round in less than two years. In 2011, Square raised $100 million, valuing the company at $1.6 billion. Several months before that, Square had an investment at a $240 million valuation. All told, the company’s valuation has grown by 13.5 times in less than two years.

You can make your own determination about the appropriateness of the valuation. 

No comments:

Internet Access Speeds Grow At Least 23% Year Over Year

Average internet access speeds are growing virtually everywhere in the world, though the estimates of “average” vary significantly. The...