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Private Firm Behind Jack Dorsey Invests $60M In Black-Led Squire Technologies

Privately-held investment firm ICONIQ Capital has invested $60 million in Squire Technologies following its latest Series C funding round. According to Fortune, the four-year-old payments company — who raised  $34 million for its Series B round just six months ago — is the leading barbershop management and point of sale system software looking to help bring new businesses online. ICONIQ, which invests on behalf of Mark Zuckerberg and Jack Dorsey, has been eyeing the male grooming industry for some time, according to the firm’s Yoonkee Sull. “The men’s barbershop and grooming industry as a men’s industry has grown very robustly from an interest perspective, which has been a boom to the barbershop industry,” Sull said. Founded by Songe LaRon and Dave Salvant, Squire is an all-in-one, easy-to-use platform that allows businesses to fully integrate their business into a system that can increase revenue and create a smooth customer experience. In addition, the product features contactless...

Niki McGloster

Dec 9, 2020