Home / Squire pitch deck to raise $59m Series-C round

Squire Series-C

Pitch Deck Collection

Squire pitch deck to raise $59m Series-C round

This is the Squire pitch deck to raise a $59m series-c round in 2020. The Series includes $44 million equity in financing and $15 million in debt financing.

About

Squire is a booking and payment platform that connects people with great barbers nationwide. Squire provides barbers and shop owners with the ability to operate their businesses with cashless and contactless pay transactions, thereby streamlining service interaction and helping them earn and retain loyal clients as a result.

In 2014 when longtime friends Dave Salvant and Songe LaRon starting thinking about building a business together, they kept coming back to one enterprise that meant a lot to them both: barbershops.

The pair reminisced about visiting barbershops nearly every week of their lives and observed that while their hairstyles may have changed over the years, barbershop’s operations hadn’t: Customers typically called for an appointment and paid in cash.

“There were a lot of pain points for professionals and we figured there was a real opportunity that no other tech companies were addressing,” Salvant said. In 2015, the cofounders launched Squire, a platform that handles bookings, payment, analytics, and other business services, for barbershops.

When the pandemic hit, the New York City-based company waived subscription fees and started offering gift card services so customers could still support their local barbers — the business sold about $30,000 in gift cards, the cofounders said.

“I think we fostered a lot of goodwill for Squire and that helped increase our sales and demand,” Salvant said. Squire grew 400% last year and of the 150 current employees, about 80% were hired during the pandemic to facilitate the company’s growth.

In December, Squire raised $59 million in a Series C, led by Iconiq Capital, bringing its valuation to $250 million. In late July, the company raised a $60 million round at a $750 million valuation.

The duo’s fundraise comes as barbershops and salons find alternative ways to serve their clientele safely during the pandemic. Beauty services will likely look very different in the future, says entrepreneur and lawyer Joleen Hughes.

Hughes talks to a wide range of entrepreneurs for her podcast, and told Insider she’s seeing an opportunity for in-home services and concierge businesses at a more negotiable price point.

“Salvant and LaRon shared Squire’s pitch deck and explained how they organized the presentation, including how they responded to the pandemic. Sensitive information has been redacted.”

Funding rounds

Announced Date	Transaction Name	Number of Investors	Money Raised	Lead Investors
July 28, 2021	Series D – Squire	4	$60M	Tiger Global Management
Dec 9, 2020	Series C – Squire	14	$45M	ICONIQ Capital
Dec 9, 2020	Debt Financing – Squire	—	$15M	—
Jun 9, 2020	Debt Financing – Squire	—	$7M	—
Jun 9, 2020	Series B – Squire	7	$27M	CRV
April 30, 2019	Series A – Squire	2	$8M	Trinity Ventures
Oct 5, 2017	Seed Round – Squire	2	$650K	43North
Jan 1, 2017	Seed Round – Squire	2	$4.3M	—
Aug 23, 2016	Pre Seed Round – Squire	2	$120K	—
Jul 24, 2015	Angel Round – Squire	—	—	—