Software maker SpotOn raises $300M in latest funding round

In a statement software maker SpotOn said, it had raised $300 million in a late-stage funding round led by investment firm Dragoneer, which valued the company at $3.6 billion.

The fundraiser also saw participation from growth-stage venture capital fund G Squared and existing investors Andreessen Horowitz, DST Global, Franklin Templeton and Mubadala Investment Company.

Co-founded in 2017 by twin brothers Matt and Zach Hyman SpotOn, offers payments and other software to restaurants as well as other small and medium-sized businesses.

In September 2021, SpotOn had raised $300 million in a series E round that valued the company at $3.15 billion.

SpotOn’s said, it had “tripled revenue in the restaurant sector over the past year and that it would use the funds raised to develop technology products.”

Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

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