Silicon Valley Bank (SVB), a division of First Citizens Bank, provided $35 million in debt financing to Squire Technologies Inc., a leading full-scale management and point of sale (POS) system that helps barbershop owners scale their businesses and increase clientele while also reducing the amount of time spent in back-office operations.

Backed by new financing from SVB’s Enterprise Software Group, Squire is poised to drive ongoing innovation and expand its industry-leading platform, streamlining operational efficiency and growing revenue for barber businesses.

“Partnering with Silicon Valley Bank allows us to build on our strong foundation and accelerate our mission of delivering exceptional tools tailored to the needs of our clients,” said Dave Salvant, Co-Founder and President of Squire Technologies.

Founded in 2015 by Songe LaRon and Dave Salvant, Squire provides a comprehensive business management platform designed to elevate barbershop operations with integrated tools for Customer Relationship Management (CRM), appointment management, analytics, and point of sales (POS) systems. Through the Squire platform, barber businesses attract and retain customers, manage operations, increase revenue, and manage appointments and services all in one place.

“With its innovative platform, Squire provides tools tailored to the specific needs of barbershops allowing business owners to effectively manage their clientele and payment operations while successfully running their business,” said Simon Keyes, co-head of SVB’s Enterprise Software group in New York.  “SVB is pleased to continue our long-standing relationship with Squire by expanding our initial credit facility and providing financial solutions to help them continue to grow and scale their business.”