SpotOn was founded in 2017 by Doron Friedman, Matt Hyman, and Zach Hyman. While the company has not publicly endorsed plans to participate in an IPO, Lisa Banks was appointed SpotOn's first CFO in 2022.
SpotOn is a software and payment company that provides solutions to restaurants, retail businesses, and other enterprises. Among the company's offerings are fully-supported, end-to-end point-of-sale systems and integrated management solutions. SpotOn also allows businesses to create and manage personalized rewards programs. The company made 5 acquisitions between 2018 and 2021. SpotOn has raised more than $900 million in venture capital funding from investors including Dragoneer Investment Group, Andreessen Horowitz, DST Global, Franklin Templeton, and Mubadala Investment Company. The company announced a valuation of $3.6 billion in 2022, following a $300 million Series F funding round.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
05/26/2021 | Series D | $125MM | $xx.xx | $1.91B | 01 Advisors, Andreessen Horowitz, Dragoneer Investment Group, Dst Global, Franklin Templeton, Mubadala Investment Company | |
Price per Share
$xx.xx
Shares Outstanding
8,359,067
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
01 Advisors, Andreessen Horowitz, Dragoneer Investment Group, Dst Global, Franklin Templeton, Mubadala Investment Company
|
||||||
09/23/2020 | Series C | $60MM | $xx.xx | $579.38MM | Dragoneer Investment Group, Dst Global, Franklin Templeton | |
Price per Share
$xx.xx
Shares Outstanding
11,001,601
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dragoneer Investment Group, Dst Global, Franklin Templeton
|
||||||
03/12/2020 | Series B | $60MM | $xx.xx | $290.99MM | 01 Advisors, Dragoneer Investment Group, Epiq Capital Group, Franklin Templeton | |
Price per Share
$xx.xx
Shares Outstanding
19,385,891
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
01 Advisors, Dragoneer Investment Group, Epiq Capital Group, Franklin Templeton
|
||||||
06/11/2019 | Series A | $40MM | $xx.xx | $160MM | Dragoneer Investment Group, Franklin Templeton | |
Price per Share
$xx.xx
Shares Outstanding
18,369,689
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Dragoneer Investment Group, Franklin Templeton
|
||||||
04/24/2018 | Series Seed | $42MM | $xx.xx | $90.3MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
47,820,000
Liquidation Pref Order
2
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Undisclosed Investors
|