Square Starts 2011 with A New Round At A Big Valuation

While much of Silicon Valley spent the last two weeks skiing or otherwise reveling in all that money made this year from acquisitions, partial liquidations and secondary deals , Square founder Jack Dorsey was apparently hard at work. TechCrunch has learned that Square is in the process of closing a large round of funding. The company is being valued, we hear from multiple sources, at somewhere close to $200 million. We don't have confirmation on who did it, but we hear that Sequoia Capital was in the mix to lead this round, along with previous investor Khosla Ventures , Benchmark Capital and Kleiner Perkins. Our sources say Sequoia ended up on top and will lead the round. A strategic investor is also likely to invest, sources say. Someone like Visa, Mastercard, or American Express.