Square’s next round of capital raising could come at a valuation as high as $4 billion, sources tell All Things D.
Rumors began circulating that Square was looking for another round of fresh capital when journalists noted that founder Jack Dorsey and COO Keith Rabois were making visits to the East Coast, with stops in Boston and Baltimore. And when the Daily Dot’s Owen Thomas asked Baltimore-based Legg Mason about the subject, the investment group confirmed it was interested in the mobile payment company.
The company has raised $137 million to date, with Kleiner Perkins Caufield & Byers, Tiger Global Management, Sequoia Capital, Khosla Ventures, and Visa among its current investment partners.
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