Branson Gives Millions To Boost Mobile Card Reader Co.

Law360, New York (November 8, 2011, 6:27 PM EST) -- Business mogul Richard Branson has made an unspecified investment in Square Inc., which makes credit card readers for mobile devices, on the heels of its $100 million round of fundraising led by venture capital giant Kleiner Perkins Caufield and Byers, the company said Tuesday.

Branson's multi-million-dollar investment will add to a the earlier Series C financing round by the venture capital firms, according to Square's statement. The San Francisco-based startup declined to disclose the exact amount of Branson's investment.

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