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.
SpotOn is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
SpotOn has not yet filed for an IPO. However, it's important to note that IPOs are not the sole avenue for a private company to transition to public trading. Private companies can also go public through alternative methods such as but limited to Special Purpose Acquisition Companies (SPACs), direct listings, or through mergers and acquisitions. Find out which companies are eyeing an IPO on our Tech IPO Calendar 2024.
SpotOn is privately held company and is not publicly traded, therefor investing in SpotOn pre-IPO is only available to accredited investors. If you meet the accreditation criteria, you can register for Forge’s Secondary Marketplace to invest in private companies before their potential IPO. If you are not an accredited investor, discover how to begin the the process to potentially qualify for new investment opportunities.
To determine the value of your SpotOn shares, create a free account to gain access to Forge’s platform. Forge Markets contains pricing information for hundreds of pre-IPO companies. A Private Market Specialist will also be available to assist you with any inquiries related to your SpotOn shares. You can also learn more about how to sell your private shares before getting started.
Yes, you can seek to sell shares in SpotOn while it remains private. If you are considering selling, you can register today for free to get started. Once registered, a Private Market Specialist will guide you through any questions you might have. You may also continue to browse through our resources to help you understand the implications and procedures involved in selling your private market shares.
Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
---|---|---|---|---|
5/26/2021 | Series D |
$125MM raised | $XXX.XX | $XXX.XX |
9/23/2020 | Series C |
$60MM raised | $XXX.XX | $XXX.XX |
3/12/2020 | Series B |
$60MM raised | $XXX.XX | $XXX.XX |
6/11/2019 | Series A |
$40MM raised | $XXX.XX | $XXX.XX |
4/24/2018 | Series Seed |
$42MM raised | $XXX.XX | $XXX.XX |