Square Partners With Starbucks, Raises $25M For Series D; Howard Schultz Joins The Board

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, which clocks in at a $3.25 billion valuation. (Just shy of the $4 billion valuation we'd been hearing about.) Howard Schultz, CEO of Starbucks, will also be joining Square's Board of Directors.

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