Square Partners With Starbucks, Raises $25M For Series D; Howard Schultz Joins The Board
Peter is the managing editor of TechCrunch. Prior to his second stint with TechCrunch, Peter launched The Daily, the first major tablet-only daily publication from News Corp, and served as its technology editor. Peter is the former technology editor at TIME Magazine and founder/editor of Techland.com. Before joining TIME, Peter was a news editor at CrunchGear. His work has also appeared in... ? Learn More It might not be the funding announcement we’ve been hearing rumors about but today Square announced that they’ve partnered with Starbucks. Square will begin processing all US credit and debit card transactions for Starbucks across their 7,000 locations this fall. Pay with Square users will be able to find a nearby Starbucks in the Square Directory from their iPhone or Android smartphone. Additionally, Starbucks will be investing $25 million in Square for the company’s Series D financing round. Howard Schultz, CEO of Starbucks, will also be joining Square’s Board of Directors. More i...