Monday, September 17, 2012

Starbucks Backing Seals Series D for Square

Mobile payment processing and credit card reader firm Square has closed its Series D round, the firm announced today, including backing from Seattle's Starbucks Coffee. Square did not announce the size of the round, which has been widely reported at $200M at a $3.25 billion valuation. The round comes shortly after a deal was inked between Starbucks and Square, to run all of the coffee chain's credit card processing through Square. Other investors in the round included Citi VEnturesa nd Rizvi Traverse Management. Square makes little square credit card readers which can be used on the iPhone and Android to scan in credit cards. More information »