About Spott
Spott is a Financial Services company based in Tel Aviv (Israel) founded in 2020 by Amit Batzir, and was acquired by Payoneer in August 2023. It operates as an online PC insurance comparison for e-commerce businesses is facilitated. It operates on a Brokerage / Intermediation model. 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. Its focus areas include Insurance and eCommerce Insurance.
Company details
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.
Products & Services of Spott
Spott offers a comprehensive portfolio of products and services, including eCommerce Insurance, eCommerce COI Verification, and Inventory Boost.
Insurance solutions are provided for eCommerce business needs.
Verification of insurance certificates is offered for eCommerce.
Inventory financing solutions are provided for sales growth.
Apps and channels of Spott
its YouTube channel Spott has 79 subscribers and 4 videos.
Videos from Spott
The most watched videos on Spott's YouTube channel, Spott (79 subscribers). Click a video to play it here.
More on Spott.
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 $8.3M
- Total Rounds 1
- Last Round Seed — $8.3M
- First Round $8.3M
(Jan 2022)
- Investors Count 2
All 1 funding rounds of Spott with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $8.3M | Seed | – | Viola Group, Team8 | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are made in early-stage technology companies globally. | – | viola-group.com | Herzliya, Israel | |
- | – | team8.vc | - | |
Cross-border payments are enabled for businesses via diverse payout methods. | 2005 | payoneer.com | New York, United States |
Investor details for Spott
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of Spott
1 people are tracked at Spott (1 in leadership).
| Name | Role | Group |
|---|---|---|
Amit Batzir | Co-Founder | Leadership |
Complete people profiles for Spott
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Spott
3 dated milestones of Spott across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Spott is founded.
- Funding First funding round of $8.3M.
- Exit Acquired by Payoneer.
Web traffic of Spott
The website of Spott (spottme.com) receives about 4K visits a month and ranks #6,097,147 among all websites worldwide, #10,165 in Online Marketing.
- Monthly visits4K
▲ 52.4% vs previous month
- Unique visitors1K
per month
- Global rank#6,097,147
among all websites
- Category rank#10,165
Business and Consumer Services · Online Marketing
- Bounce rate37%
- Pages per visit1.9
- Average visit38 sec
- DevicesDesktop 29% · Mobile 71%
Top companies in Insurance Providers
10 companies that operate in the same segment as Spott (Insurance Providers), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 644 M | USD 615.2 M | 1,471 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, Ile de France, France | USD 863.12 M | – | 1,606 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.12 B | – | 549 | |
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 | |
Homeowners insurance coverage is delivered via an online platform. | 2015 | Palo Alto, California, United States | USD 709.36 M | USD 468.6 M | 640 | |
Online health insurance is provided to individuals and businesses. | 2012 | New York, New York, United States | USD 1.63 B | USD 11.7 B | 2,908 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | – | USD 502.59 M | 31,422 |
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Related news about Spott
Complete news archive for Spott
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Frequently Asked Questions about Spott
Spott was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Spott is headquartered in Tel Aviv, Israel.
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 2022.
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.
Spott offers eCommerce Insurance, eCommerce COI Verification, and Inventory Boost.
Spott has 3 investors. Key investors include Payoneer, Viola Group, and Team8.
Yes. Spott was acquired by Payoneer in August 2023.