# SpotOn Transact

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spoton-transact

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.spoton.com
- Total disclosed funding: $875M
- Latest round: Series F (May 18, 2022)
- Investors on record: 10

## About

SpotOn Transact LLC, based in the US, specializes in providing integrated point-of-sale systems and business software solutions aimed at enhancing operational efficiency for various industries.Founded in 2017 and headquartered in San Francisco, US, SpotOn Transact LLC offers technology solutions tailored for businesses. The company has engaged in 10 deals, with its most recent funding round on May 18, 2022, raising USD 300 mn in Series F funding led by Dragoneer Investment Group and supported by other notable investors including Andreessen Horowitz and DST Global. Zachary Hyman is recognized as the founder of the firm.SpotOn specializes in delivering comprehensive point-of-sale (POS) systems and business software solutions tailored for various industries, including restaurants, retail, automotive, and health & beauty. The core offering encompasses a fully integrated suite of software and payment technologies designed to enhance operational efficiency, streamline payment processing, and improve customer engagement. Key features include inventory management, labor management, online ordering, and AI-powered financial analysis tools like Profit Assist. The company’s products are designed for small to medium-sized businesses seeking the flexibility to customize their operations according to their unique business models. SpotOn serves a diverse client base across multiple geographical markets, including North America and select international regions, with a strong focus on local businesses that prioritize personalized service and support.The revenue model of SpotOn is predicated on multiple transactional structures, including subscription fees for software usage and transaction-based fees for payment processing. Clients typically engage with SpotOn through service agreements that encompass software licensing, hardware acquisition, and ongoing support services. The flagship offerings, such as their POS systems and integrated restaurant management solutions, are priced on a tiered structure depending on the features and scale required by the client. Revenue is generated as clients utilize the system for daily operations, with recurring monthly fees supplemented by fees associated with transaction processing. SpotOn’s approach emphasizes a strong partnership with clients, facilitating their growth through tailored solutions, thus ensuring a consistent stream of revenue from their diverse service offerings.In May 2022, SpotOn Transact, LLC raised USD 300 mn in Series F funding to enhance its technology products and services to meet the demanding needs of its clients. The company aims to expand into new geographic regions and markets, although specific targets have not been disclosed. Recent funding will support the development and launch of upcoming products designed to enhance user experience and operational efficiency.

## Funding rounds

- Series F, May 18, 2022, $300M — Mubadala Investment Company, Andreessen Horowitz, DST Global, G Squared, Franklin Templeton, Dragoneer Investment Group
- Series E, Sep 13, 2021, $300M — Wellington Management, Mubadala Investment Company, Andreessen Horowitz, Coatue Management, DST Global, Franklin Templeton, Dragoneer Investment Group, 01A
- Series D, May 25, 2021, $125M — Mubadala Investment Company, Andreessen Horowitz, DST Global, Franklin Templeton, Dragoneer Investment Group, 01A
- Series C, Sep 23, 2020, $60M — DST Global, Franklin Templeton, Dragoneer Investment Group
- Series B, Mar 2, 2020, $50M — Franklin Templeton, Dragoneer Investment Group, Epiq Capital, 01A
- Series A, Aug 9, 2019, $40M — Franklin Templeton, Dragoneer Investment Group

## Investors

- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series A, Series B, Series C, Series D, Series E, Series F
- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series A, Series B, Series C, Series D, Series E, Series F
- Epiq Capital (https://capitalatlas.ai/funds/epiq-capital) — Series B
- 01A (https://capitalatlas.ai/funds/01a) — Series B, Series D, Series E
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series C, Series D, Series E, Series F
- Mubadala Investment Company — Series D, Series E, Series F
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series D, Series E, Series F
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series E
- Coatue Management (https://capitalatlas.ai/funds/coatue-management) — Series E
- G Squared (https://capitalatlas.ai/funds/g-squared) — Series F