SpotOn, a San Francisco, California-based leading software and payment company with comprehensive solutions for restaurants, retail businesses, and enterprise venues, announced that it raised $300 million in Series F funding, raising its valuation to $3.6 billion.
The round was led by Dragoneer Investment Group, LLC (“Dragoneer Investment Group”), with participation from existing investors including Andreessen Horowitz (a16z), DST Global, Franklin Templeton, and Mubadala Investment Company, as well as new investor, G Squared.
The company will use the funding to further develop technology products that enable businesses to meet the evolving needs of today's consumers.
Company: SpotOn Transact, LLC
Raised: $300.0M
Round: Series F
Funding Month: May 2022
Lead Investors: Dragoneer Investment Group, LLC
Additional Investors: Andreessen Horowitz (a16z), DST Global, Franklin Templeton, Mubadala Investment Company, and G Squared
Company Website: https://www.spoton.com/
Software Category: end-to-end Software and Payment platform
About the Company: SpotOn is one of the fastest-growing software and payment companies with comprehensive, cloud-based technology for businesses of all types and sizes. Known for its rapid innovation and industry-leading customer service, SpotOn offers an end-to-end software and payment platform to streamline operations, improve the customer experience, and increase profit. From seamless and efficient point-of-sale systems to integrated management solutions built for the fast-growing enterprise, SpotOn builds technology that "works the way you work", and backs it up with a 24/7 team of experts who make sure it always does—with fairness, flexibility, and a personal touch. SpotOn has 2,000 employees, including one of the strongest product and technology teams in the combined software & payments industry.
Source: https://spoton.com/blog/spoton-raises-300-million-series-f-funding/