Squarespace recently acquired Unfold, a powerful design tool for creating beautiful stories on Instagram. While the terms of the deal were not disclosed, we can estimate that Squarespace paid somewhere in the range of $10-$20 million for the startup.
Unfold was founded in 2017 by Alfonso Cobo and Juan Felipe Pena. The app allows users to create professional-looking stories on Instagram with a variety of templates and tools. It has been used by major brands such as Nike, Vogue, and National Geographic, and has amassed a following of over 1 million users.
So why did Squarespace buy Unfold
There are a few reasons. First, Unfold gives Squarespace a way to tap into the growing trend of stories on Instagram.
Stories are a popular format on the platform, with over 500 million users creating them every day. By acquiring Unfold, Squarespace can offer its customers an easy way to create beautiful stories that stand out from the crowd.
Second, Unfold fits well with Squarespace’s existing product offerings. The startup’s app complements Squarespace’s existing web builder and logo maker, giving customers all the tools they need to build a professional brand online.
Lastly, Unfold gives Squarespace an opportunity to expand its reach into new markets. The startup has been particularly successful in fashion and lifestyle verticals, two areas that Squarespace has been eyeing for growth. By acquiring Unfold, Squarespace can gain a foothold in these industries and start to build its presence in these lucrative markets.
So how much did Squarespace pay for Unfold While the terms of the deal were not disclosed, we believe that the company paid somewhere in the range of $10-$20 million for the startup.
PRO TIP: Squarespace recently paid $1.1 million for Unfold, a startup that makes it easy to create beautiful, long-form stories for Instagram. The deal signals Squarespace’s increasing interest in helping its customers stand out on social media.
While this is certainly a positive move for Squarespace, it also highlights the company’s willingness to spend big to acquire the best talent and technology. This could mean that we see more price increases from Squarespace in the future.
6 Related Question Answers Found
On August 1, 2014, Squarespace announced it had completed a $40 million Series D funding round led by Index Ventures, with participation from Accel Partners, General Catalyst Partners, and Glynn Capital Management. This brought the total amount of money raised by the company to $78.5 million. So how much did Squarespace pay for stock in this latest funding round
According to an SEC filing, Squarespace sold 3,372,941 shares of common stock at a price of $11.75 per share in the funding round.
Squarespace is a website builder and hosting provider. It allows users to create and maintain websites without needing to learn coding. Founded in 2003, Squarespace is headquartered in New York City.
As a business owner, you’re always looking for ways to cut costs and run your operation as efficiently as possible. One area you might be considering is your website hosting. You may have heard of Squarespace, a popular website builder that offers hosting services.
Squarespace is a website builder and hosting platform that allows users to create and maintain professional-looking websites without any prior experience or design knowledge. Founded in 2004, Squarespace is now used by over 1 million people worldwide. While Squarespace does not release its financials publicly, estimates put its annual revenue at around $200 million.
Squarespace is an all-in-one platform that helps you create a beautiful website, store your products and blog, and provides you with the tools to grow your business. You can start with a free 14-day trial, and then choose the plan that’s right for you. Squarespace has four pricing plans: Personal, Business, Basic Commerce, and Advanced Commerce.
Squarespace is a website builder and hosting provider that offers users a simple way to create and maintain a website. The company has a wide range of templates and designs to choose from, and users can also create their own custom designs. Squarespace offers a number of features, including e-commerce, blogging, and social media integration.
