About Spott
Spott is a company based in Tel Aviv (Israel) founded in 2020 by Amit Batzir was acquired by Payoneer in August 2023. It operates as a Brokerage / Intermediation. Spott has raised $8.3 million across 1 funding round from investors including Payoneer, Viola Group and Team8. Spott offers products and services including eCommerce Insurance, eCommerce COI Verification, and Inventory Boost.
- Headquarter Tel Aviv, Israel
- Founders Amit Batzir
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Products & Services of Spott
Spott offers a comprehensive portfolio of products and services, including eCommerce Insurance, eCommerce COI Verification, and Inventory Boost. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Insurance solutions are provided for eCommerce business needs.
Verification of insurance certificates is offered for eCommerce.
Inventory financing solutions are provided for sales growth.
Funding Insights of Spott
Spott has successfully raised a total of $8.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $8.3 million completed in January 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 1
- Last Round Seed — $8.3M
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First Round
First Round
(13 Jan 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2022 | Amount | Seed - Spott | Valuation | Viola Group , Team8 |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spott
Spott has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Payoneer, Viola Group and Team8. 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 |
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Investments are made in early-stage technology companies globally.
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Cross-border payments are enabled for businesses via diverse payout methods.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Spott
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spott
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spott Comparisons
Competitors of Spott
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Spott
Frequently Asked Questions about Spott
When was Spott founded?
Spott was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Spott located?
Spott is headquartered in Tel Aviv, Israel.
Is Spott a funded company?
Spott is a funded company, having raised a total of $8.3M across 1 funding round to date. The company's 1st funding round was a Seed of $8.3M, raised on Jan 13, 2022.
What does Spott do?
Financial solutions tailored for eCommerce platforms are offered by Spott. Focus is placed on insurance policies and tools like COI verification for online sellers. Integration with leading insurance providers is maintained to ensure affordable and swift coverage. Support for Amazon sellers is emphasized, addressing specific policy requirements. Inventory boost solutions are also provided to enhance sales profitability. The eCommerce sector is primarily served with personalized and efficient services.
What products or services does Spott offer?
Spott offers eCommerce Insurance, eCommerce COI Verification, and Inventory Boost.
Who are Spott's investors?
Spott has 3 investors. Key investors include Payoneer, Viola Group, and Team8.
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