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SpotOn Raises $50 Million in Series B Funding from Former Twitter Executives

Mar 11, 2020•over 5 years ago

Amount Raised

$50 Million

Round Type

series b

San Francisco

Description

SpotOn Transact, Inc (“SpotOn”), an innovative payments and software company, today announced $50 million in Series B funding. The round includes 01 Advisors, an investment and advisory firm founded by Twitter’s former CEO Dick Costolo, former COO Adam Bain and former Corporate Development and Investor Relations executive David Rivinus, as well as returning investors Dragoneer Investment Group, Franklin Templeton and EPIQ Capital Group. This new funding follows a year in which SpotOn increased its revenue by over 150%. The company has continued that momentum in 2020 by adding over 5,000 clients already.

Company Information

Company

Spot On

Location

San Francisco, California, United States

About

SpotOn is one of the fastest-growing software and payment companies with comprehensive, cloud-based technology for businesses of all types and sizes. Known for its rapid innovation and industry-leading customer service, SpotOn offers an end-to-end software and payment platform to streamline operations, improve the customer experience, and increase profit. From seamless and efficient point-of-sale systems to integrated management solutions built for the fast-growing enterprise, SpotOn builds technology that "works the way you work", and backs it up with a 24/7 team of experts who make sure it always does—with fairness, flexibility, and a personal touch. SpotOn has 2,000 employees, including one of the strongest product and technology teams in the combined software & payments industry. For more information, visit www.spoton.com.

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