# Block

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/block

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.block.xyz/
- Total disclosed funding: $525M
- Latest round: Series E (Oct 23, 2015)
- Investors on record: 13

## About

Founded in 2009 and based in California, US, Block, Inc., fka Square, Inc., operates as a developer of mobile payment and point-of-sale solutions for business enterprises. Jack Dorsey (CEO) and Jim McKelvey are the co-founders of the company. In November 2022, Block, Inc. raised USD 3.9 million in PIPE funding from ARK Invest. The company is traded on the New York Stock Exchange under the ticker symbol SQ and on the OTC markets under the ticker symbol BSQKZ.

The company's software provides solutions such as digital receipts, inventory, and sales reports, as well as analytics and feedback. The firm’s main offering is Square, which offers point-of-sale solutions that have enabled small and large businesses to accept card payments, manage inventory, and streamline operations with ease. Another integral component of Block, Inc.'s portfolio is Cash App, a peer-to-peer payment app that simplifies money transfers and allows users to invest in stocks and Bitcoin. In addition, Block also focuses on the development of Spiral, a project that combines technology and blockchain to explore financial solutions.

## Funding rounds

- Series E, Oct 23, 2015, $30M — Colchis Capital Management, Victory Park Capital
- Series E, Oct 13, 2014, $150M — GIC, Granite Asia, Rizvi Traverse Management, Goldman Sachs Asset Management
- Series D, Jul 17, 2012, $200M — Rizvi Traverse Management, Starbucks Corporation, Citi Ventures
- Series C, Dec 8, 2011, $3M — Kleiner Perkins, Granite Asia, Khosla Ventures
- Series B, Sep 30, 2011, $4M — Kleiner Perkins, Hong Shan, Khosla Ventures
- Series C, Jun 27, 2011, $100M — Kleiner Perkins, Tiger Global Management
- Series B, Jan 10, 2011, $28M — Hong Shan, Khosla Ventures, Visa Inc.
- Series A, Dec 2, 2009, $10M — Khosla Ventures

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B, Series C
- Hong Shan — Series B
- Visa Inc. — Series B
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series C, Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series C, Series E
- Rizvi Traverse Management — Series D, Series E
- Starbucks Corporation — Series D
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series D
- GIC — Series E
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series E
- Colchis Capital Management (https://capitalatlas.ai/funds/colchis-capital-management) — Series E
- Victory Park Capital (https://capitalatlas.ai/funds/victory-park-capital) — Series E