SpotOn Secures $300,000,000 in Series F Financing


SpotOn, a San Francisco, CA-based software and payment company, raised $300M in Series F funding, raising its valuation to $3.6 billion.

Dragoneer Investment Group led the round, along with participation from DST Global (a16z), Franklin Templeton and Mubadala Investment Company.

The company plans to use the funds for further development of technology products that are focused on success in the hospitality, retail and food sectors.

SpotOn, led by Zach Hyman, is a software and payment platform that streamlines operations and improves customer experiences. SpotOn, which provides services to businesses of all sizes, from small family restaurants to major league baseball stadiums, has recently continued to innovate and increase its market share.

  • Dolce is a labor-management system that streamlines scheduling, payroll, tip-pooling, and compliance. It will be a strong addition to the flagship SpotOn Restaurant product
  • SpotOn Retail launches, an omnichannel platform that allows independent retailers compete with large-box stores and ecommerce titans. It sells in-store, online or on the move through one intuitive dashboard.
  • Adding Lisa Banks (Chief Financial Officer), JiNa Han (Chief People Officer), and Mark Brodahl (Chief Revenue Officer) to the executive team

SpotOn employs 2,000 people.

Get latest news from African Startup ecosystem

Latest stories

You might also like...