squire

Squire, The Black Owned Barbershop App Hits $750 Million Valuation

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Back in December 2020, we reported that Squire, a barbershop management application, received a $59 million investment that almost tripled its valuation, from $85 million to $250 Million.

That funding round was led by Iconiq Capital, which invests on behalf of high-profile tech executives including Facebook’s Mark Zuckerberg, and Twitter’s Jack Dorsey.

Today, the company announced a new round of funding that actually has tripled its valuation to $750 million.

Tiger Global led this new Series D round, which totals around $60 million and included participation from Iconiq Capital, Charles River Ventures, and Trinity Ventures.

In March of 2020, Squire’s revenue went from zero, when all barbershops closed, to between $10 million to $20 million 10 months later.

As “outside” continues to open up, both founders are confident that the company will benefit from serving even more barbershops that will begin using Squire to manage their operations.

In the words of Squire Co-founder, Dave A. Salvant, “The marathon continues.”

 

Tony O. Lawson


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