Square Said to Seek $250 Million InvestmentBY EVELYN M. RUSLI
Jin Lee/Bloomberg News
Square, the mobile payments company, is passing the hat again.
Less than one year after raising $100 million, which valued the company at $1.6 billion, the company is going back to its investors. It is now seeking to raise as much as $250 million at a $3 billion to $4 billion valuation, said people briefed on the matter, who requested anonymity because discussions are private and still continuing.
It’s a bold move by Square’s chief, Jack Dorsey, who effectively holds two full-time jobs as the head of Square and the executive chairman of Twitter.