GIC leads US$150m investment in mobile payments startup Square

Singapore

CONTINUING its investing spree for global technology companies, Singapore's sovereign wealth fund GIC is believed to have led a US$150 million venture-capital round in Square, a San Francisco-based mobile payments startup founded by Twitter co-founder Jack Dorsey.

The Series E round, confirmed by Square on Sunday, values the company at US$6 billion, and takes total funding received to-date to over US$590 million since 2009.