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March 19, 2021

Squarespace Raises $300 Million at $10 Billion Valuation

Squarespace Raises $300 Million at $10 Billion Valuation

Squarespace

Let’s follow some money today, Dear Reader. We’ll start with a $300 million funding by Website builder Squarespace, which has grown to include ecommerce, email, SEO, and social content. The round brings total funding to $578 million at a $10 billion valuation. No word on revenue although a newspaper article last November pegged it at $500 million pre-pandemic.

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Yotpo Raises $230 Million to Grow Customer Engagement Platform

Yotpo

We also have a $230 million Series F from Yotpo, which offers customer engagement modules for SMS messaging, loyalty and referrals, and user reviews, comments, and content. It’s an integrated platform but also connects with ecommerce platforms including Shopify, Magento, SAP, Salesforce, and BigCommerce. Total funding is now $406 million and the deal values the company at $1.4 billion, a hefty 14x their $100 million revenue.

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Maropost Buys Neto to Add Ecommerce Capabilities

Maropost

If marketing automation vendor Maropost has raised any money, they’ve been quiet about it. But, hey, they're Canadian.  They did mention they’re buying ecommerce platform Neto for “$60 million + considerations”, which may be in Canadian currency. Have you noticed that a lot of companies are building comprehensive customer engagement suites?

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