Bumper third round values mobile credit card reader firm at $1bn.
According to the WSJ, the funding was led by tech friendly VC Kleiner Perkins Caufield & Byers, and means that its analyst Mary Meeker will join the board of Square.
It all makes Square one of the hungriest of all Silicon Valley start-ups, bringing the running total of investment to $130 million in just eight months.
And don't forget that in April, Visa made an undisclosed investment in the company.
Square's peripheral plugs into the headset/microphone jack, and allows merchants to process credit card transactions via an app.
Its boss is Twitter co-founder Jack Dorsey.
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In Q1, Square did $66 million in payment volume, though it recently abandoned charging for transactions in favour of a rev share.
According to the WSJ, it is now processing $4 million in transactions per day.
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