The round was led by Andreessen Horowitz’s a16z. Additional investors included DST Global, 01 Advisors, Dragoneer Investment Group, Franklin Templeton, and Mubadala Investment Co. The round was raised on a USD 1.875 billion valuation, giving SpotOn the unicorn status.
Founded in 2017, SpotOn offers cloud-based software that provides payment solutions for merchants with additional marketing, loyalty, website design, appointment, payroll, and review services. The software provided by the company is particularly focused on restaurants, service, and retail businesses. Furthermore, SpotOn also supports website and ecommerce transactions.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now