Squire Revenue, Valuation, Funding & Investors
Squire is valued at $750M as of July 2021, a 50.0x multiple on its last reported $15M revenue.
Last Squire valuation
$750M
Series D · Jul 2021
Last Squire funding round
$60M
Series D · Jul 2021
Squire revenue
$15M
Series D · Jul 2021
Key investors in Squire
Trinity Ventures
Y Combinator
Tiger Global
CRV
ICONIQ Capital
AltaIR Capital
About Squire
Squire is a New York-headquartered mobile platform for barbershop booking, payments, and management across the United States, United Kingdom, and Canada. Barbers access point-of-sale tools, appointment scheduling, inventory management, and customer retention features through the Squire app and hardware. Launched in 2015, the company equips independent shops in the global haircare industry valued at over $100 billion. Squire processes millions in annual transactions and supports multi-location operations for salon chains.
Founded
2015
HQ
New York City, NYWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Commission, Subscription
Revenue
$15M (Jul 2021)
Valuation
$750M (Jul 2021)
Squire Valuation
Squire is currently valued at $750M, based on its Series D in July 2021.
The $60M round was led by Tiger Global, with participation from ICONIQ Capital, CRV and Trinity Ventures.
Squire's valuation has grown 8.8x from $85M at its Series B in June 2020 to $750M in July 2021, across 3 priced rounds.
Squire valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2021 | Series D | $750M | 50.0x |
| Dec 2020 | Series C | $250M | 62.5x |
| Jun 2020 | Series B | $85M | 21.3x |
Squire Revenue
Squire's latest recorded revenue is $15M, as of its Series D in July 2021. At a $750M valuation, that implies a 50.0x revenue multiple.
Revenue grew from $4M in June 2020 to $15M in July 2021, while the revenue multiple moved from 21.3x to 50.0x.
Squire revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2021 | $15M | $750M | 50.0x | Series D |
| Dec 2020 | $4M | $250M | 62.5x | Series C |
| Jun 2020 | $4M | $85M | 21.3x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Squire Funding History
Squire has raised a total of $145M across 7 funding rounds.
Squire's first fundraising round was a $100K pre-seed round in August 2016. The most recent completed round was a $60M Series D in July 2021.
Squire funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2021 | Series D | Tiger Global (lead); ICONIQ Capital; CRV; Trinity Ventures | $60M | $750M | Squire Technologies is a barbershop management and POS software platform launched in 2015, offering tools for scheduling, CRM, payments, inventory, payroll, and more, recently expanding with Squire Capital for financial services like instant deposits and cash advances. It serves over 2,000 partners in 40 major markets across three continents and employs around 175 people. On July 28, 2021, Squire raised $60 million in a Series D round led by Tiger Global, with participation from ICONIQ Capital, Charles River Ventures (CRV), and Trinity Ventures, bringing total funding to approximately $165 million. This round tripled the company's post-money valuation to $750 million from $250 million in its prior December 2020 Series C. The capital supports aggressive expansion in the U.K. and Canada, sales and engineering team growth, and potential acquisitions amid competition from platforms like Boulevard. Squire achieved 300% year-over-year revenue growth off a low base after COVID-19 shutdowns dropped revenues to zero in March 2020, rebounding to an estimated $10-20 million by early 2021, though exact revenue or ARR figures near the round are not specified with standard terms. |
| Dec 2020 | Series C | ICONIQ Capital (lead) | $45M | $250M | Squire Technologies is a software platform for barbershops and men's hair salons, providing point-of-sale tools for scheduling, CRM, payments, inventory, payroll, and more, with additional financial services like banking-as-a-service, instant deposits, and cash advances. The company, founded by Songe LaRon and Dave Salvant, is Y Combinator-backed and a 43North award recipient, operating in major markets across the US, Canada, UK, and planning expansion to Australia. On December 9, 2020, Squire raised $59 million in a Series C round led by ICONIQ Capital, consisting of $45 million in equity and $15 million in debt financing, nearly tripling its valuation from $85 million (post-Series B in June 2020) to $250 million post-money. Participants included Tiger Global, CRV, Trinity Ventures, New General Market Ventures, SoftBank Opportunity Fund, and others. This followed a $34 million Series B led by CRV in June 2020 and prior rounds including a Series A in 2019. Proceeds were allocated to product development, hiring sales and marketing staff, international expansion into Australia, UK, and Canada, and enhancing financial tools for barbershop owners amid pandemic challenges. At the time, Squire had around 100 employees and was addressing underserved financing needs for small business owners in the male grooming sector. The company continued growth, raising a $60 million Series D in July 2021 led by Tiger Global at $750 million valuation, reaching over $165 million total funding. |
| Jun 2020 | Series B | CRV (lead); Y Combinator; CV Catalyst Fund; 645 Ventures; Tiger Global; Aurum Partners; Trinity Ventures; San Francisco 49ers; Charles Phillips | $27M | $85M | Squire is a software platform providing management tools for barbershops, including appointment scheduling, loyalty programs, contactless payments, and point-of-sale capabilities to handle complex multi-barber transactions. Founded in 2016 by Dave Salvant and Songe LaRon, it targets independent barbershops underserved by traditional financial institutions. The Series B round in March 2020, led by CRV, raised $34 million ($27 million equity + $7 million debt) with participation from Tiger Global, Trinity Ventures, and others including 645 Ventures, Aurum Partners, Charles Phillips, CV Catalyst Fund, San Francisco 49ers, and Y Combinator. This timing was just before COVID-19 lockdowns shuttered barbershops, dropping revenue to zero temporarily. Despite the pandemic impact, Squire rebounded strongly. By December 2020 Series C ($59 million led by Iconiq, $45 million equity + $15 million debt), valuation tripled from $85 million in June 2020 to $250 million, with investors including Tiger Global and Trinity Ventures. Revenue grew from zero in March 2020 to $10-20 million by January 2021. In September 2020, monthly ARPU reached $700-800, up from $150 initially, targeting $1,600 mid-term. The debt financed banking-as-a-service for barbershop owners. Squire expanded internationally to Australia, Canada, and the U.K., hiring sales and marketing staff. Later, July 2021 Series D ($60 million led by Tiger Global) reached $750 million valuation on projected $12 million 2021 revenue at 62.5x multiple. Total funding exceeded $167 million from investors like Iconiq, CRV, and 645 Ventures. Payment processing via Stripe evolved toward full PayFac model for higher take rates beyond 2.9% + 30 cents per transaction. |
| Apr 2019 | Series A | Trinity Ventures (lead); 645 Ventures | $8M | - | Squire Technologies is a small business management platform serving the men’s grooming segment, providing integrated software for barbershops and men’s salons including point of sale, scheduling, payroll, CRM, and other features. The company, founded in 2015 by Songe LaRon and Dave Salvant, is Y Combinator-backed and a 43North award recipient, operating in 28 major cities across the United States, Canada, and the United Kingdom with offices in San Francisco, New York City, and Buffalo, NY. Squire raised $8 million in Series A funding on June 25, 2019, led by Trinity Ventures with participation from 645 Ventures and existing investors Y Combinator, Bluefog Capital, Altair Capital, and Rich Dennis' New General Market Partners, bringing total financing to $12.2 million. The funds were intended to accelerate research and development, recruit product and engineering talent, and expand market presence. This followed a $4.2 million seed round including 43North and angels like Y Combinator CEO Michael Seibel. Squire targets over 400,000 barbershops and men’s salons in the U.S. and Canada. Subsequent rounds included a $34 million Series B in June 2020 led by CRV and a Series C in December 2020 with $59 million that valued the company at $250 million. |
| Oct 2017 | Seed | 43North (lead); AltaIR Capital | $700K | - | - |
| Jan 2017 | Seed | NOEMIS Ventures; Blue Fog Capital | $4M | - | - |
| Aug 2016 | Pre-seed | Y Combinator; AltaIR Capital | $100K | - | - |
Who has invested in Squire?
14 investors have backed Squire across its funding rounds, including Trinity Ventures, Y Combinator, Tiger Global, CRV, ICONIQ Capital and AltaIR Capital.
Lead investors include Tiger Global, ICONIQ Capital, CRV, Trinity Ventures and 43North.
Squire Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 3 | Lead | Apr 2019 | |
| San Francisco, CA | 2 | Lead | Dec 2020 | |
| San Francisco, CA | 2 | Participant | Aug 2016 | |
| San Francisco, CA | 2 | Participant | Aug 2016 | |
| United States | 2 | Participant | Apr 2019 | |
| New York City, NY | 2 | Lead | Jun 2020 | |
| United States | 2 | Lead | Jun 2020 | |
| United States | 1 | Participant | Jan 2017 | |
| United States | 1 | Lead | Oct 2017 | |
| New York City, NY | 1 | Participant | Jun 2020 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Blue Fog Capital | San Francisco, CA | 1 | Participant | Jan 2017 |
| San Jose, CA | 1 | Participant | Jun 2020 | |
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Start Free TrialSquire Competitors
Squire competitors include listed companies like WeBuyCars and EverQuote, and private ones like Vagaro, Raise, Snackpass and Dunzo.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| United States | Private | - | - | $1B | - | |
| Chicago, IL | Private | - | - | $675M | - | |
| San Francisco, CA | Private | - | - | $400M | - | |
 South Africa | Publicly listed | $1.6B | $90M | $734M | 0.5x | |
 Bangalore | Private | $24M | - | $775M | 32.3x | |
| United States | Publicly listed | $693M | $62M | $806M | 0.8x |
Squire Public Comps
Squire is still privately-owned, but its public comps include Ixigo, Groupon, WeBuyCars, EverQuote, Bengo4.com, Hemnet, XPS Pensions Group, CEWE Group, Timee and ATRenew.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $128M | $8M | 5.0x | 4.5x | 83.7x | 57.8x | |||
| $498M | ($19M) | 1.7x | 1.7x | (45.9x) | 11.4x | |||
| $1.6B | $90M | 0.5x | 0.5x | 9.7x | 8.6x | |||
| $693M | $62M | 0.9x | 0.8x | 9.9x | 5.5x | |||
| $105M | $19M | 7.7x | 6.9x | 43.8x | 33.0x | |||
| $156M | $78M | 4.8x | 5.2x | 9.6x | 11.1x | |||
| $353M | $80M | 2.6x | 2.5x | 11.3x | 8.7x | |||
| $1B | $160M | 0.8x | 0.9x | 5.3x | 5.3x | |||
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Common questions about Squire
| When was Squire founded? | Squire was founded in 2015. |
| Where is Squire headquartered? | Squire is headquartered in New York City, NY, United States. |
| Is Squire publicly listed? | No, Squire is a private, VC-backed company. |
| What is Squire's valuation? | Squire was last valued at $750M in its Series D in July 2021. |
| How much funding has Squire raised? | Squire has raised $145M across 7 funding rounds. |
| What was Squire's last funding round? | Squire's last funding round was a $60M Series D in July 2021, led by Tiger Global. |
| Who are Squire's investors? | Squire's investors include Trinity Ventures, ICONIQ Capital, Y Combinator, AltaIR Capital, 645 Ventures, Tiger Global, CRV, NOEMIS Ventures, 43North, CV Catalyst Fund and 4 others. |
| What is Squire's revenue? | Squire's latest recorded revenue is $15M (July 2021). |
| What is Squire's revenue multiple? | Squire's latest valuation implies a 50.0x revenue multiple ($750M valuation on $15M of revenue). |
| Which companies are comparable to Squire? | Companies comparable to Squire include Vagaro, Raise, Snackpass, WeBuyCars, Dunzo and EverQuote. |
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