New York – Squarespace, the provider of a Web publishing
platform, announced on Wednesday the closing of a $38.5 million first round of
funding, led by Index Ventures and Accel Partners.
Founded in 2003, New
York-based Squarespace’s platform now powers tens of thousands of websites
worldwide, for customers including Marc Ecko, Porter Novelli and Kevin Pollak.
Founder Anthony Casalena said the company, whose Web publishing packages start
at $8 per month, has been profitable since its first year of operation.
company will use the funds to significantly expand its operations.