Overview of Transaction

• On May 26, 2021, SpotOn announced that it has raised $125 million in its Series D financing round led by Andreessen Horowitz
• This round included participation from current investors, including DST Global, 01 Advisors, Dragoneer Investment Group, and Franklin Templeton, as well as new investor Mubadala Investment Company
• The round values SpotOn at $1.875 billion
• SpotOn, founded in 2017 and based in San Francisco, is one of the fastest-growing software and payments companies with comprehensive solutions for restaurants and retail businesses
• The Company develops technology that integrates the core needs of SMBs into a seamless, reliable system that becomes the backbone of their operation, providing the ease of one integrated platform while saving thousands of dollars in payments and software fees to multiple vendors

Significance of Transaction

• SpotOn plans to use the new capital to further accelerate its product development and to expand its market presence
• Investments in innovation will ensure that SpotOn’s clients have a future-proof solution with a steady stream of upgrades and improvements so they will have ready access to the best technology for the long-term
• Nearly 8,000 businesses have made the switch to SpotOn in 2021 to-date, and the Company expects that number to triple by the end of the year

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to SpotOn
• This transaction underscores FT Partners’ deep domain expertise in Payments, and highlights its position as the “Advisor of Choice” to leading FinTech unicorn companies globally