# TownSquared

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

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.townsquared.com
- Total disclosed funding: $11M
- Latest round: Series B (May 9, 2016)
- Investors on record: 2

## About

TownSquared is a specialized platform that provides small businesses with essential communication and operational tools to enhance collaboration and efficiency in today’s ever-evolving market landscape.Founded in 2013 and headquartered in San Francisco, US, TownSquared operates as a communication platform designed for small businesses. The company has raised a total of USD 11.05 mn through funding, with the most recent round being a Series B financing on May 9, 2016, co-led by Intuit, Inc. and Sierra Ventures. TownSquared has successfully completed a total of 3 deals since its inception.TownSquared specializes in providing innovative communication and operational tools tailored for small businesses navigating the complexities of today's dynamic market landscape. Its core offerings include a messaging platform designed to enhance internal and client communication, promoting efficiency and collaboration among team members. This platform is particularly valuable for enterprises that rely on streamlined correspondence to enhance productivity and maintain strong client relationships. Additionally, the company addresses the needs of diverse industries by incorporating features that cater to varying business requirements, ensuring that its services are adaptable and relevant. The primary customer base consists of small to medium-sized enterprises across major U.S. markets, including New York City, San Francisco, and the broader Bay Area, each of which presents unique challenges and opportunities for business growth.Revenue generation for the company is structured around subscription-based models, allowing clients to select from various pricing plans tailored to their specific needs. Customers engage with the platform through monthly or annual subscriptions, providing continuous access to the suite of communication tools and support services offered. Partnerships with retailers and wholesalers also play a role in expanding the company’s reach, facilitating the distribution of its offerings to a broader clientele. The flagship messaging platform is central to these transactions, positioned as a vital tool for enhancing communication workflows within organizations. By maintaining a focus on customer retention and satisfaction, the company effectively drives recurring revenue through its tailored service offerings.TownSquared plans to leverage the recent Series B funding of USD 11.05 mn, raised in August 2016, to support the development of new products aimed at enhancing their platform capabilities. The company is also looking to expand into new markets, targeting regions such as the Midwest and Southeast U.S. by the end of 2017. This strategic expansion will help to increase its customer base and address new business challenges in these areas.

## Funding rounds

- Series B, May 9, 2016, $11M — Sierra Ventures, Intuit, Inc.

## Investors

- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Series B
- Intuit, Inc. — Series B