Squire Technologies Raises $60 Million in Series D Financing Round

A resident of Cream Ridge, New Jersey, Edward Granaghan is a former telecom professional who enjoys following the technology space.. While at his home in Cream Ridge, NJ, Edward Granaghan enjoys following the progress of companies he is impressed with, including Squire Technologies, Inc., a barbershop tech software platform.

On July 28, 2021, Squire announced it had raised $60 million in a new funding round that tripled its valuation to $750 million. The recent round, a Series D round led by Tiger Global, also included participation from the company’s earlier investors Iconiq Capital, Trinity Ventures, and CRV. Squire had previously raised capital in December 2020 at a $250 million valuation. The new round brings to $165 million all the money the company has raised since its inception.

Squire launched in 2015, offering barbershop management and POS systems to barbershops in the United States. Its full-scale offerings now help barbershop owners with all aspects of their business, from scheduling to payments, inventory management, customer relations, and payroll. It now serves more than 2,000 partners in 40 markets around the world.

The company’s co-founder Dave Salvant said the money from the new funding round would grow its sales and engineering teams. The company had more than 175 employees at the end of July 2021.