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Square is a point-of-sale system for merchants with physical or online stores. [1] [2] Launched in 2009 by Block, Inc., [3] it enables sellers to accept card payments and manage business operations. As of 2023, Square is the U.S. market leader in point-of-sale systems, [4] [5] [6] serving 4 million sellers and processing $210bn annually. [7] [8]
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In April 2015, SquareFoot announced its first institutional financing round led by Primary Venture Partners, with participation from RRE Ventures and Triangle Peak Partners. [ 9 ] In 2018, it raised $7 million in funding led by Rosecliff Ventures and other investors including RRE Ventures, Triangle Peak Partners, and Armory Square Ventures.
At the time, former CEO Bill Fairfield said the move to private would give the company more flexibility with serving customers. In 2017, CCMP Capital sold the company to Court Square Capital Partners. [6] On February 4, 2019, Infogroup named its Dallas office, where the company's executive offices are located, as its corporate headquarters. [7]
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