{"id":4828,"date":"2020-03-18T17:04:07","date_gmt":"2020-03-18T17:04:07","guid":{"rendered":"https:\/\/www.paymentfacilitator.com\/?p=4828"},"modified":"2022-02-24T22:20:43","modified_gmt":"2022-02-24T22:20:43","slug":"spoton-announces-50-million-fundraise","status":"publish","type":"post","link":"http:\/\/infinicept.com\/payment-facilitator\/archive\/spoton-announces-50-million-fundraise\/","title":{"rendered":"SpotOn Announces $50 Million Fundraise"},"content":{"rendered":"\n<p><strong>Small business software and payments provider SpotOn\nrecently announced a $50 million series B funding round. <\/strong><\/p>\n\n\n\n<p>SpotOn provides end-to-end business tools that include payments,\nmarketing, website development, appointment scheduling, loyalty, and review\nmanagement. Its primary focus over the past year has been on the food and\nbeverage industry, it said in a press\nrelease. <\/p>\n\n\n\n<p>The company will use the funds for product development\nwithin specific verticals, it said.<\/p>\n\n\n\n<p>\u201cBusinesses need help navigating the digital shift in\ncommerce, whether that\u2019s utilizing new payment methods, leveraging actionable\ndata or taking advantage of new mediums to communicate with their customers,\u201d\nZach Hyman, co-founder of SpotOn, said in the release. <\/p>\n\n\n\n<p>\u201cBusiness owners are rapidly selecting SpotOn as their go-to\ntechnology partner, and we&#8217;re excited to continue building SpotOn into a\nhousehold name within the business community and beyond.\u201d<\/p>\n\n\n\n<p>In an <a href=\"https:\/\/infinicept.com\/payment-facilitator\/business\/spoton-seeks-out-sweet-spot-in-serving-smbs\/\">interviewwith PaymentFacilitator<\/a> last year, SpotOn President R.J. Horsley said that\nthe company is providing vertical-specific solutions while also offering tools\nthat apply across industries. <\/p>\n\n\n\n<p>\u201cWe can pick off certain verticals and have the end-to-end\nsolution, but that doesn\u2019t preclude us from being horizontal as well and\nproviding value to a whole bunch of types of businesses,\u201d he said.<\/p>\n\n\n\n<p>Investors in the series B round included 01 Advisors, which\nwas founded by former Twitter executives; Dragoneer Investment Group; Franklin\nTempleton; and EPIQ Capital Group.<\/p>\n\n\n\n<p>\u201cThere are companies that build great products, and there\nare companies that build great sales teams, but it\u2019s rare to find an\norganization that can do both,\u201d Dick Costolo, managing partner and co-founder\nof 01 Advisors, said. <\/p>\n\n\n\n<p>\u201cSpotOn has proven an unwavering commitment to building\nproducts that matter and getting them into the hands of businesses nationwide.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Small business software and payments provider SpotOn recently announced a $50 million series B funding round. <\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[1015],"tags":[333,420,421,827],"class_list":["post-4828","post","type-post","status-publish","format-standard","hentry","category-archive","tag-fundraise","tag-investment","tag-investors","tag-spoton"],"acf":[],"_links":{"self":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/comments?post=4828"}],"version-history":[{"count":3,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4828\/revisions"}],"predecessor-version":[{"id":8377,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/posts\/4828\/revisions\/8377"}],"wp:attachment":[{"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/media?parent=4828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/categories?post=4828"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/infinicept.com\/payment-facilitator\/wp-json\/wp\/v2\/tags?post=4828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}