Mobile payments company Square revealed on Tuesday that British entrepreneur and chairman of the Virgin Group Richard Branson was among the investors in the company, which closed its series B and C rounds in September, having taken its total funding to more than $140m.
Branson told technology venture website VentureBeat: "In recent years, thanks in part to Virgin America (being based in the Silicon Valley and doing a great job serving tech-savvy guests), I’ve learned more about tech in general and social media in particular – and always look for companies that use business as a force for good."
Square’s backers in the September rounds were venture capital firms Khosla Ventures, Sequoia Capital and Kleiner Perkins Caufield & Byers, and investment firm Tiger Global Management, while credit card company Visa also made an investment earlier in the year.