Squire Technologies, a black-owned software company that offers payroll and scheduling services to barbershops via the Squire app, continues to shatter investor expectations. According to reports, Squire is now valued at over $250 million after raising $59 million during its most recent Series-C funding round.
Founded in 2015, Squire Technologies offers a variety of software services to help independent barbershops thrive. Originally branded as being the “Uber of Haircuts,” Squire has risen to unprecedented heights during the Covid-19 pandemic by helping barbershops across the country safely reopen. With Squire, customers can book appointments and make payments directly in the app, eliminating the need for cash payments. The app also lets barbershop owners create a “virtual waiting room” that allows customers to wait outside of the shop or in their car until their barber is ready for them.
“We don’t want to replace that relationship a guy had with the barber,” said Squire co-founder Dave Salvant said in a recent interview. “We just wanted to take away all the annoying things about it.”
Squire is now available in more than 45 cities and 2,000 barbershops across the U.S. and U.K.