SpotOn Secures $300 Million in Series F Funding

SpotOn, San FranciscoCA-based software and payments company, elicited $300M in Series FFunding, increasing its valuation to $3.6 Billion

TheRound was led by Dragoneer Investment GroupParticipation from Andreessen Horowitz(a16z), DT Global, Franklin Templeton, Mubadala Investment CompanyG, and. Squared.

TheCompany plans to use the funds to develop new technology products that will help businesses succeed. inThe retail, food, and hospitality sectors.

LedBy CEO Zach Hyman, SpotOnProvides an end-to-end payment platform and software to streamline operations, improve customer experience, and increase profits. Thecompany that serves all types of businesses from local family restaurants. Major League BaseballRecently, stadiums have continued to innovate and grow their market share by:

  • StrengtheningIts flagship SpotOn Restaurant product with the acquisition and integration of Dolce, a labor management software that streamlines payroll scheduling, tip-pooling, and compliance
  • Launching SpotOn Retaila platform for omnichannel retail that allows independent retailers to compete against big-box stores and ecommerce giants through selling inStore, online, or anywhere else, all from one seamless dashboard
  • Adding Lisa Banks (Chief Financial OfficerJiNa Han (Chief People Officer), and Mark Brodahl (Chief Revenue Officer) to the executive team

SpotOnThere are approximately 2,000 employees.

FinSMEs

19/05/2022

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