What is SpotOn?
SpotOn offers a comprehensive platform designed to empower small businesses by merging essential payment processing capabilities with robust customer engagement features. This dual functionality aims to streamline operations and foster customer loyalty for its clientele. Headquartered in San Francisco, California, SpotOn is strategically positioned to serve the evolving needs of the small business sector, providing a unified solution that enhances both financial transactions and customer relationship management.
How much funding has SpotOn raised?
SpotOn has raised a total of $895M across 7 funding rounds:
Angel/Seed
$20M
Series A
$40M
Series B
$50M
Series C
$60M
Series D
$125M
Series E
$300M
Series F
$300M
Angel/Seed (2018): $20M with participation from Zach Hyman and Matt Hyman
Series A (2019): $40M led by Dragoneer Investment Group and Franklin Templeton
Series B (2020): $50M supported by EPIQ Capital Group, Franklin Templeton, 01 Advisors, and Dragoneer Investment Group
Series C (2020): $60M featuring Franklin Templeton, DST Global, and Dragoneer Investment Group
Series D (2021): $125M backed by Andreessen Horowitz, Dragoneer Investment Group, Mubadala, 01a, Franklin Templeton, and DST Global Solutions
Series E (2021): $300M with participation from Coatue, Mubadala, DST Global Solutions, Franklin Templeton, Andreessen Horowitz, Dragoneer Investment Group, 01a, and Wellington Management
Series F (2022): $300M led by DST Global Solutions, Andreessen Horowitz, and Dragoneer Investment Group
Key Investors in SpotOn
Andreessen Horowitz
Andreessen Horowitz is a prominent venture capital firm founded in 2009, known for investing in both early-stage startups and established growth companies. The firm is headquartered in Menlo Park, California.
Dragoneer Investment Group
Founded in 2012 and headquartered in San Francisco, California, Dragoneer Investment Group is a company that provides investment services to both public and private clients, focusing on technology and growth-stage companies.
Franklin Templeton
Franklin Templeton is a global investment management organization with a long history dating back to 1947, offering a wide range of investment capabilities across various asset classes and geographies.
What's next for SpotOn?
The recent major strategic investment signifies a pivotal moment for SpotOn, indicating a strong vote of confidence from its backers and positioning the company for accelerated scaling and innovation. This influx of capital is expected to fuel further development of its integrated platform, enhance its market reach, and potentially explore new verticals within the small business ecosystem. The company's trajectory suggests a focus on solidifying its position as a leader in providing holistic solutions for small and medium-sized enterprises.
See full SpotOn company page
