SQUIRE Raises $60mn for Barbershop CRM and POS

William Smith

The company has raised a total of $165mn for its integrated barbershop management suite

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SQUIRE Raises $60mn for Barbershop CRM and POS

Integrated barbershop software system provider SQUIRE Technologies has announced its latest funding round. 

The company provides a software suite that includes CRM, point of sale, scheduling and payroll functionality. Specifically designed as a barbershop management system, SQUIRE said it addressed needs such as increasing clientele while reducing the amount of time spent in the back-office. It claims 2,000 partners among its customers worldwide. 

The company’s latest $60mn Series D round was led by Tiger Global, alongside existing investors ICONIQ Capital, Charles River Ventures and Trinity Ventures. That brings the total raised since its 2015 foundation to around $165mn. 

“This capital injection will allow us to further scale our sales and engineering teams. We are super excited to deepen our relationship with Tiger Global,” said Dave Salvant, SQUIRE Co-Founder and President. 

SQUIRE has recently announced the creation of SQUIRE Capital, a money management platform for barbershop operations, including the ability to receive payment instantly. 

“Our software helps our customers with nearly every workflow in their business, including scheduling, CRM, payments, inventory, payroll and more,” said Songe LaRon, SQUIRE Co-Founder and CEO.  “With SQUIRE Capital, we’re expanding our ecosystem to provide financial tools such as instant deposits, cash advances and debit cards that will empower our customers to succeed financially.” 

In March it debuted its latest consumer app for iOS as well as its first Android-compatible release, allowing customers to book and manage appointments. New features included smart reminders, which utilises machine learning to suggest appointments based on past data. 

“We’re excited to further our commitment to SQUIRE, and with Dave and Songe, as they continue to build the tools and systems that are necessary in this industry,” said John Curtius, Partner at Tiger Global.  “As businesses begin to reopen, SQUIRE is at the forefront of forward-thinking solutions that advance both the shop owner and client experience.”

 

 


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