SpotOn

SpotOn is a cutting-edge payments and software company redefining the merchant services industry.

SpotOn helps restaurants and small businesses to compete and win with intuitive software, point-of-sale systems, and payment solutions.

SpotOn was co-founded in 2017 by Matthew Hyman, Zachary Hyman, and Doron Friedman. The company is headquartered in San Francisco, California, with offices in Chicago, Detroit, Denver, Mexico City, Mexico and Krakow, Poland.

 

SpotOn’s software and payments platform empowers all kinds of businesses to run their businesses. The SpotOn platform incorporates tools which include payment processing, POS, custom websites, scheduling software, marketing, reviews, analytics and loyalty.

 

SpotOn has redefined the merchant service industry by giving you the tools and service your business deserves at a price that puts money back into your pocket. Today, more than 30,000 businesses use SpotOn’s platform, with nearly 8,000 of those signing on this year.

 

SpotOn has acquired Appetize, a digital and mobile commerce payments platform for enterprises such as sports and entertainment venues, theme parks and zoos, on Sep 13, 2021. SpotOn is paying $415 million in cash and stock for the Los Angeles-based company.

 

SpotOn is backed by Andreessen Horowitz, Dragoneer, Franklin Templeton, DST Global, Mubadala Investment Company, 01 Advisors, Wellington Management, Coatue Management, and others. The company raised $300M in Series E round on Sep 13, 2021. This brings SpotOn's total funding to $595M to date. The new round pushed the company's valuation to $3.15B, up from the previous $1.875B valuation gained from Series D in May 2021.

 

 

  • Year founded: 2014
  • Funding Info: $595M over 6 Rounds (Latest Funding Type: Series E)
  • Yearly Revenue: NA
  • Employee Size: 1,001- 5,000
  • Business Valuation: Valued at $3.15B as of Sep 13, 2021
  • City/Town: San Francisco
  • State: California
  • Country: United States
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