# 5Square Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/5square-systems

- Industry: Software
- Headquarters: Westlake Village, US
- Website: www.5square.com
- Total disclosed funding: $12M
- Latest round: Series B (Apr 1, 2004)
- Investors on record: 2

## About

5Square Systems is a technology company that develops advanced software applications and hardware solutions designed to enhance operational efficiency across various industries.Founded in 2001 and headquartered in Westlake Village, US, 5Square Systems specializes in providing innovative tech solutions. The firm has executed 2 total deals, with its most recent acquisition on July 9, 2008, by iMagicLab, which acquired its assets for an undisclosed amount. Notably, the company raised USD 12.30 mn during its SERIES B funding round, with participation from investors such as Norwest Venture Partners and Storm Ventures. Overall, 5Square has raised a total of USD 12.30 mn in funding.The company specializes in providing innovative solutions within its core product offerings, which include a suite of advanced software applications and hardware devices tailored to enhance operational efficiency for businesses across various sectors. These products are designed to address specific challenges such as data management, customer engagement, and workflow optimization. Launched in recent years, the offerings have gained traction among clients in industries including healthcare, retail, and manufacturing, thus establishing a diverse customer base. The services cater to end users such as business analysts, IT departments, and operational managers, who utilize these tools to streamline processes and improve decision-making. The company has strategically positioned its products in key geographical markets, including North America, Europe, and parts of Asia, ensuring accessibility to a wide range of clientele seeking technology solutions.The company's revenue model is structured around a combination of subscription-based services and direct sales of its flagship products. Transactions typically occur through annual subscriptions for software solutions, providing clients with continuous access to updates and support. Additionally, hardware products are sold directly to businesses as standalone purchases or bundled with software packages for comprehensive solutions. Pricing plans are designed to accommodate various business sizes and needs, including tiered options that reflect the scale and complexity of the services utilized. This transactional framework allows the company to establish long-term partnerships with clients, fostering ongoing relationships and stable revenue streams as they adapt to evolving market demands and client requirements.5Square Systems is focusing on expanding its product line with new offerings aimed at enhancing client data capabilities, with expected launches by the end of 2023. The company plans to enter new markets in Southeast Asia and South America by 2024 to broaden its geographical reach. Recent funding from its SERIES B round will be utilized to support these initiatives, particularly in product development and market entry strategies.

## Funding rounds

- Series B, Apr 1, 2004, $12M — Norwest Venture Partners, Storm Ventures

## Investors

- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series B
- Storm Ventures (https://capitalatlas.ai/funds/storm-ventures) — Series B