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Dorsey’s Square Backed by $141M in VC -CORRECTED

Square Inc., the start-up that lets you process credit card payments with your cell phone, made a lot of noise this summer when it closed a $100 million venture round led by Kleiner Perkins Caufield & Byers. KPCB’s Mary Meeker joined the company’s board, alongside former U.S. Treasury Secretary Lawrence Summers and investor Vinod Khosla.

Now, according to Sept. 30 regulatory filings, it’s clear that Square has raked in a total of $160 million $141 million across its three rounds, with the bulk of its funding closing during the first half of this year. Square raised $10 million in Series A; $31.75 million in its Series B; and $100 million in the summer’s Series C round, according to the filings. As previously reported, it’s investors include Visa Inc., Tiger Global Management, First Round Capital, Khosla Ventures and Sequoia Capital. (Sequoia’s Roelof Botha also sits on the Square board, according to regulatory filings.)

Square was started in 2009 by Twitter co-founder Jack Dorsey. Though he left Twitter in 2008, Dorsey is currently back at the micro-blogging site and working double-duty as CEO of Square and executive chairman of Twitter.

Square offers three products currently. Square’s credit card reader is a miniature magnetic card-reader that plugs into an iPhone, iPad or Google Android phone. The company’s “register” product allows businesses to accept payments and track inventory via an iPad. And the Square “card case” allows individuals to open a tab at their favorite local merchants and store digital receipts.