Squarespace Raises $6.9 Billion in Funding to Enhance Platform and Expand Services

Squarespace Going Private with Permira

Key Highlights:

• Going Private: Squarespace, a design-driven platform for building brands and businesses online, has entered into a definitive agreement to go private with Permira, a global private equity firm.
• All-Cash Transaction: The transaction is valued at approximately $6.9 billion, with Squarespace stockholders receiving $44.00 per share in cash.
• Leadership Continuity: Anthony Casalena, Squarespace's CEO and Board Chairman, will continue to lead the business along with the current leadership team.

Squarespace's Target Market

• Entrepreneurs and Small Businesses: Individuals and small businesses looking to build their online presence, create websites, and monetize their ventures.
• Creators and Artists: Artists, designers, photographers, and other creative professionals seeking a platform to showcase their work and sell products.
• Ecommerce Businesses: Online retailers and businesses in need of an integrated platform for selling products and managing their online store.

What Squarespace Needs to Buy

• Technology and Design Partnerships: Collaborations with technology and design companies to enhance and expand Squarespace's platform offerings.
• Marketing and Advertising Services: Partnerships with marketing agencies and advertising platforms to help promote Squarespace's services to its target market.
• Integration and Expansion Opportunities: Acquisitions of complementary businesses or technologies to expand Squarespace's suite of products and services.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.