Block

How much has Block raised?

Total raised
Public company; venture-backed Square IPO 2015
Disclosed rounds
Venture rounds plus 2015 IPO
Latest round
2015 IPO / public-market capital
Latest valuation
Public market capitalization
First raised
2009-2010 early Square financing
Notable backer
Sequoia Capital

Block's funding rounds

Block’s predecessor Square moved from early venture rounds to a 2015 IPO and later public-company acquisitions.

  1. 2009-2010Early Square financingAngel and institutional financing supported the original card reader and merchant payments launch.
  2. 2011Sequoia partnershipSequoia lists Block/Square as partnered in 2011.
  3. 2012Strategic growth capitalVisa and Starbucks became notable strategic participants around merchant acceptance growth.
  4. 2014Late-stage private valuation around $6B reportedSeries E era before IPO.
  5. 2015IPOSquare listed on NYSE and became a public company.
  6. 2021Block rebrand and Afterpay transaction eraParent company changed name to Block as portfolio broadened.

Sources:Sequoia Block profileSequoia Block profile

How much has Block raised in total?

Sequoia lists Block as founded 2009, partnered 2011, and IPO 2015. Early Square financing included rounds from Khosla, Sequoia, Kleiner Perkins, Visa, Starbucks, Rizvi, GIC, and others as the company scaled card acceptance and seller software.

Square went public in November 2015 with a valuation below its last private valuation, then later renamed the parent company Block in 2021. Since IPO, capital allocation has centered on acquisitions such as Afterpay, buybacks/issuance, Bitcoin initiatives, and operating cash flow rather than private venture rounds.

Because Block is public, this profile uses a capital-history view instead of a fake current funding total. Seller diligence should focus on current gross profit, segment strategy, expense discipline, and product priorities.

Who are Block's investors?

Sequoia is the portfolio provenance. Other reported early investors included Khosla Ventures, Kleiner Perkins, Visa, Starbucks, Rizvi Traverse, GIC, Goldman Sachs, and individual technology operators.

Why did Block's valuation or status move?

Square’s IPO priced below the last private valuation, then public-market value moved with Cash App growth, seller ecosystem expansion, Bitcoin exposure, rates, and fintech multiples. Block’s current valuation is a market price rather than a venture mark.

Is Block profitable, and will it IPO?

Block is public and reports profitability metrics including gross profit, adjusted operating income, and GAAP results. IPO is historical, not pending.

What does Block's funding mean if you sell into them?

Block has large budgets but is aggressively efficiency-oriented. Strong seller angles include payment authorization lift, fraud/loss reduction, AI productivity, seller growth, data infrastructure, compliance automation, and cost reduction.

As of June 2026.Sources:Sequoia Block profileSequoia Block profileBlock annual reportsInvestopedia Block funding history

Block — frequently asked questions

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