Fundraising Fox
Block
NYSE: XYZalso invests · investor profileSan Francisco, US · Founded 2009 · Delaware corporation · Public · 42 known investors
Find your way into Block
Block, formerly Square, runs the Square seller platform, Cash App, Afterpay and TIDAL, plus the TBD and Bitkey bitcoin businesses. Founded by Jack Dorsey and Jim McKelvey in San Francisco in 2009, it is listed on the NYSE as XYZ.
Also known as Block · Square · Block, Inc. · Square (a Block, Inc. brand) · Square, Inc.
Founders & leadership
Block was founded in 2009 by Jack Dorsey.
Board
Investors · 42
How we know: A*'s portfolio page · the VCSheet dataset · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
How we know: Bling Capital's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: Cota Capital's portfolio page · Not right? Tell us
How we know: CrunchFund's portfolio page · Not right? Tell us
How we know: First Round Capital's portfolio page · Not right? Tell us
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How we know: firstminute capital's portfolio page · Not right? Tell us
How we know: Khosla Ventures's portfolio page · the VCSheet dataset · research · startupintros.com · Not right? Tell us
How we know: Kleiner Perkins's portfolio page · Not right? Tell us
How we know: Lerer Hippeau's portfolio page · Not right? Tell us
How we know: Mosaic Ventures's portfolio page · Not right? Tell us
How we know: Notable Capital's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
How we know: research · startupintros.com · Not right? Tell us
How we know: Saints Capital's portfolio page · Not right? Tell us
How we know: Sapphire Ventures's portfolio page · Not right? Tell us
How we know: Sequoia Capital's portfolio page · Wikidata · board seat on SEC Form D · the VCSheet dataset · Not right? Tell us
How we know: Tuesday Capital's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: board seat on SEC Form D · Not right? Tell us
How we know: press coverage · Not right? Tell us
Also in the syndicate · 11
Funding
SEC filings, press & company announcements- Undisclosed amountB roundJun 2026
China Mobile, CICC Capital, Fortune Capital, IDG Capital, National Artificial Intelligence Industry Investment Fund, Sequoia China, Source Code Capital
Source ↗
▶$10.7MraisedMay 2021 · 17 investors · Other TechnologyRule 506(b)
- Mary MeekerDirector
- Amy BrooksDirector
- Paul DeightonDirector
- Jack DorseyExecutive Officer, Director
- Randy GaruttiDirector
- Lawrence SummersDirector
- Jim McKelveyDirector
- Brian GrassadoniaExecutive Officer
- Darren WalkerDirector
- Sivan WhiteleyExecutive Officer
- Roelof BothaDirector
- David ViniarDirector
- Amrita AhujaExecutive Officer
- Anna PattersonDirector
- Alyssa HenryExecutive Officer
- Offering amount
- $10.7M
- Amount sold
- $10.7M
- First sale
- Apr 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
2 people who came through Square went on to found or lead other companies.
Competitors · 10
by search overlap
Companies competing with Block for the same Google search keywords, organic and paid, via search-intersection analysis.
Acquisitions · 1
Early investors' stakes continue via these dealsWeebly is a website and eCommerce platform that enables entrepreneurs to build, manage, and grow online stores with integrated tools for marketing, inventory, shipping, and analytics. The platform serves business owners transitioning to online sales or starting new online ventures.
Timeline · 33
launches, deals, and filingsSquare markets a second-generation Square Register at $899 and Square AI, an assistant that answers questions about business performance.
Square launched in Spain and was later also made available in Catalan.
Lets sellers accept card payments without additional hardware; Square Stand was also redesigned with tap and chip payments.
H&R Block sued Block, Inc. for trademark infringement, claiming the new name misappropriated its brand; the suit was dismissed by joint agreement in April 2023.
Announced December 1, 2021 and effective December 10, 2021; Square became a brand within Block's ecosystem.
Square paid $297 million in cash and stock for a majority ownership stake in music streaming service Tidal; Jay-Z joined the board of directors.
$297M source ↗
Purchased approximately 3,318 bitcoins for around $170 million, bringing total holdings to roughly 8,027 bitcoins.
$170M source ↗
Acquisition of buy now, pay later provider Afterpay; the acquisition was completed on January 31, 2022.
Suite of financial products covering cash flow, savings and capital.
Square placed approximately 1% of total assets ($50 million, 4,709 bitcoins) in Bitcoin.
$50M source ↗
Square Register, an end-to-end integrated point of sale with buyer-facing display, and Square for Retail, the company's first vertical software product.
Square sold shares in its IPO at US$9 per share, for a market capitalization of $2.9 billion.
$2.9B source ↗
Square launched a payroll feature within its payment processing system, following a merchant cash advance offering, a customer feedback product and an invoicing service.
Square launched Cash App, a peer-to-peer payment service and consumer digital wallet.
Starbucks and Square announced a partnership under which Starbucks would use Square payment technology; Starbucks reportedly invested US$25 million in Square the same year.
$25M source ↗
Square launches its first product, a card reader for mobile devices that lets merchants accept card payments on the go; the name 'Square' derives from the square-shaped reader.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structure▸Research sources · 8
primary sources listed
- Squaresquareup.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Block do?
- Block, formerly Square, runs the Square seller platform, Cash App, Afterpay and TIDAL, plus the TBD and Bitkey bitcoin businesses. Founded by Jack Dorsey and Jim McKelvey in San Francisco in 2009, it is listed on the NYSE as XYZ.
- Who founded Block?
- Block was founded by Jack Dorsey in 2009.
- Who are Block's investors?
- Block's investors include A*, Acequia Capital (AceCap), Bling Capital, Cota Capital, CrunchFund, First Round Capital, firstminute capital, Hinge Capital and 23 more.
- Is Block publicly traded?
- Yes — Block trades on NYSE under the ticker XYZ.
- Where is Block headquartered?
- Block is headquartered in San Francisco, US.