Dealflow | July 1, 2019

Squire secures $8 million to bring barbershops into the digital age

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, July 1 – Songe LaRon, Dave Salvant and Yas Tabasam founded Squire in 2016 out of frustration that they couldn’t reliably find a good place to get a haircut. While building a platform to make that experience better for customers, they realized the barbershops themselves needed help managing their businesses.

“The independent barbershops scheduled appointments using pen and paper while salons and higher-end shops used software built for a completely different industry,” Tabasam said shortly after the company’s launch.

Squire has raised $8 million for its software platform that helps barbers manage the back-end of their business operations. Its subscriptions range in price and services, but all cover the basics of online appointment booking, payment and financial reporting.

Squire has reportedly transacted $100 million for businesses in 28 cities.

Trinity Ventures led the funding round. The early-stage venture capital fund invests in tech startups, with a focus on founder diversity.