Square recently completed its fourth round of venture capital funding, which was significant more in that it showed investors’ confidence in what the company has already done than the company’s ability to get the funding, according to Rick Oglesby, senior analyst, retail banking, for Boston, Mass.-based Aite Group.
Major investors in the latest round of funding were Starbucks Coffee Co., Citi Ventures and Rizvi Traverse Management.
“The founder of Square was also the founder of Twitter, so funding has never been an....