About SpotOn
SpotOn is a company based in San Francisco (United States) founded in 1999 by Doron Friedman, Matthew Hyman, and Zachary Hyman.. SpotOn has raised $923 million across 9 funding rounds from investors including Franklin Templeton, EPIQ and Mubadala. SpotOn has completed 5 acquisitions, including Dolce Software, EmaginePOS and Lifeyo. SpotOn operates in a competitive market with competitors including Toast, Square, Olo, Zettle and Zenput, among others.
- Headquarter San Francisco, United States
- Founders Doron Friedman, Matthew Hyman, Zachary Hyman
- Stage Unicorn
-
Sectors
RetailConsumer Technology Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$923 M (USD)
in 9 rounds
-
Latest Funding Round
$300 M (USD), Series F
May 18, 2022
-
Investors
Franklin Templeton
& 11 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
Dolce Software
& 4 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
Funding Insights of SpotOn
SpotOn has successfully raised a total of $923M across 9 strategic funding rounds. The most recent funding activity was a Series F round of $300 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series F — $300.0M
-
First Round
First Round
(20 Aug 2012)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series F - SpotOn | Valuation | Dragoneer Investment Group | |
| Sep, 2021 | Amount | Series E - SpotOn | Valuation | a16z | |
| May, 2021 | Amount | Series D - SpotOn | Valuation | a16z |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SpotOn
SpotOn has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Franklin Templeton, EPIQ and Mubadala. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Private equity investments are made in technology-enabled growth companies.
|
Founded Year | Domain | Location | |
|
Venture capital investments in technology sectors are handled by Andreessen Horowitz.
|
Founded Year | Domain | Location | |
|
Venture capital investment firm
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by SpotOn
SpotOn has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Dolce Software, EmaginePOS and Lifeyo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Online payroll management software with scheduling and analytics is provided.
|
2015 | ||||
|
Cloud-based POS and back-office solutions are delivered for restaurants.
|
2012 | ||||
|
An online platform is provided for restaurant discovery and reservations.
|
2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - SpotOn
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spoton Comparisons
Competitors of SpotOn
SpotOn operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Toast, Square, Olo, Zettle and Zenput, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Restaurant operations are managed via a cloud-based platform.
|
|
| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
|
|
| domain | founded_year | HQ Location |
Olo is recognized as a restaurant technology platform provider.
|
|
| domain | founded_year | HQ Location |
Payment processing solutions are offered to merchants and businesses.
|
|
| domain | founded_year | HQ Location |
Zenput is utilized as an operations execution platform for multi-unit operators.
|
|
| domain | founded_year | HQ Location |
Cloud-based point-of-sale software is provided for retailers and restaurants.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Spoton
Frequently Asked Questions about SpotOn
When was SpotOn founded?
SpotOn was founded in 1999 and raised its 1st funding round 13 years after it was founded.
Where is SpotOn located?
SpotOn is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of SpotOn?
Matthew Hyman is the current CEO of SpotOn. They have also founded this company.
Is SpotOn a funded company?
SpotOn is a funded company, having raised a total of $923M across 9 funding rounds to date. The company's 1st funding round was a Series D of $125M, raised on Aug 20, 2012.
What does SpotOn do?
SpotOn was founded in 1999 in San Francisco, United States, as a provider of cloud-based POS software. Solutions are offered to businesses in the restaurant, hospitality, professional services, health, beauty, and automotive sectors. Operations include payment processing through mobile and virtual terminals, registration and appointment management, online ordering systems, and marketing tools. Services support various service providers across these industries.
Who are the top competitors of SpotOn?
SpotOn's top competitors include Toast, UrbanPiper and Square.
How many acquisitions has SpotOn made?
SpotOn has made 5 acquisitions, including Dolce Software, EmaginePOS, and Lifeyo.
Who are SpotOn's investors?
SpotOn has 12 investors. Key investors include Franklin Templeton, EPIQ, Mubadala, Dragoneer, and Andreessen Horowitz.
What is SpotOn's valuation?
The valuation of SpotOn is $3.6B as of May 2022.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.