SpotOn, a San Francisco, CA-based software and payment company, raised $300M in Series F funding, raising its valuation to $3.6 billion.
The round was led by Dragoneer Investment Group, with participation from Andreessen Horowitz (a16z), DST Global, Franklin Templeton, Mubadala Investment Company, and G Squared.
The company intends to use the funds to further develop technology products that focus on the success of businesses in the retail, food and hospitality sectors.
Led by CEO Zach Hyman, SpotOn provides an end-to-end software and payment platform to streamline operations, improve the customer experience, and increase profit. The company, which serves businesses of all types and sizes from local family restaurants to Major League Baseball stadiums, recently has continued to deliver new innovations and grow market share by:
- Strengthening its flagship SpotOn Restaurant product with the acquisition and integration of Dolce, a labor management solution which streamlines payroll, scheduling, tip-pooling and compliance
- Launching SpotOn Retail, an omnichannel retail platform that allows independent retailers to compete with big-box stores and ecommerce giants by selling in store, online, or on the go through one seamless, intuitive dashboard
- Adding Lisa Banks (Chief Financial Officer), JiNa Han (Chief People Officer), and Mark Brodahl (Chief Revenue Officer) to the executive team
SpotOn has 2,000 employees.
FinSMEs
19/05/2022