SpotOn Raises $300 Million at $3.6 Billion Valuation

SpotOn is a payments and software startup that provides small businesses and restaurants with mobile payment technology and management system. The SpotOn software includes marketing, website development, online ordering, reservations, e-commerce, review management, and digital loyalty. Also, it offers solutions for retail and restaurant point-of-sale or POS.

The funding round was led by Dragoneer Investment Group. Existing investors, Andreessen Horowitz, DST Global, Franklin Templeton, and Mubadala Investment Company, also participated in the round. Among new investors was G Squared. “SpotOn has made it their mission to provide customized solutions to drive the growth and adaptation needed as businesses of all sizes evolve and grow,” said Marc Stad, founder, and managing partner at Dragoneer Investment Group.

SpotOn, San Francisco, the USA, was founded by Doron Friedman, Matt Hyman, and Zach Hyman in 2017. Last year, the company acquired Appetize to extend its reach to the enterprise space. Later, SpotOn acquired Dolce, a labor-management startup to strengthen the restaurant product. Being focused mainly on the food, retail, and hospitality sector, SpotOn can serve businesses of all sizes from local restaurants to Major League Baseball stadiums. The company’s other product is SpotOn Retail – an omnichannel retail platform that allows independent retailers to compete with big-box stores and e-commerce giants by selling in-store, online, or on the go through one seamless, intuitive dashboard.”

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