SpotOn joined the Unicorn Club on May 26, 2021, after raising a $125 M Series D funding round led by Andreessen Horowitz, valuing it at $1.88 B. Headquartered in San Francisco, United States, SpotOn provides cloud-based POS and business management solutions for small and medium-sized businesses in retail, restaurants, and services.
Keep reading to learn how SpotOn is helping SMEs streamline operations, process payments, and build customer engagement through its unified technology platform.
What Is SpotOn and What Does It Do?
Founded in 1999, SpotOn offers an integrated suite of POS, payment, and management software that supports businesses with in-store and online operations. The platform includes mobile and virtual payment terminals, appointment scheduling, marketing automation, loyalty programs, and data analytics dashboards.
SpotOn’s mission is to empower local businesses with tools that simplify transactions, improve efficiency, and strengthen customer relationships across every touchpoint.
How Much Funding Has SpotOn Raised?
1. Series F and Later Rounds
- Amount Raised: $300 M
- Date: May 18, 2022
- Lead Investors: Dragoneer Investment Group
- Valuation: ~$3.6 B
- Purpose: Technology expansion and market growth
2. Earlier Rounds (Seed – Series E)
- Cumulative Funding: $600 M
- Key Investors: Wellington, Andreessen Horowitz
- Purpose: POS product development, SME adoption, and global scaling
Total Funding Raised: ~$900 M
Latest Funding Date: May 18, 2022
Latest Led Valuation: ~$3.6 B
Employee Count: 1,355 (as of Dec 31, 2023)
Key Investors
- Wellington
- Details: Leading global investment management firm supporting technology-driven growth companies.
- Focus Areas: Fintech, SaaS, and enterprise software solutions.
- Dragoneer Investment Group
- Details: Growth-oriented investment firm backing market leaders in technology and financial sectors.
- Focus Areas: Software, fintech, and digital transformation platforms.
Where Is SpotOn’s Headquarters?
SpotOn is headquartered in San Francisco, California, United States. Its operations include POS software development, client onboarding, customer support, and integrated payment infrastructure.
What’s Next for SpotOn?
SpotOn plans to expand its global reach, develop new payment and loyalty tools, and strengthen partnerships with SMEs. It aims to enhance its role in restaurant tech, business automation, and omnichannel payments.
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