Web Publishing Startup Squarespace Raises $40 Million

Squarespace, the New York-based startup that offers self-publishing Web tools, announced Tuesday it had raised a $40 million Series B round of venture financing. The round was led exclusively by General Atlantic, and the company will use the new funds to continue scaling its engineering, design and infrastructure teams. Previously, Squarespace raised a $38.5 million Series A round in 2010 led by Index Ventures and Accel Partners.