FT Partners Advises SpotOn on its $300,000,000 Series F Financing
Overview of Transaction
- On May 18, 2022, SpotOn announced it closed on a $300 million Series F investment at a $3.6 billion valuation led by Dragoneer, a growth-oriented firm known for investments in technology-enabled businesses
- Other participants include existing investors Andreessen Horowitz (a16z), DST Global, Franklin Templeton, and Mubadala Investment Company, as well as a new investor, G Squared
- This investment comes at the heels of SpotOn tripling its SpotOn Restaurant segment last year as the Company acquired tens of thousands of new clients
- SpotOn’s valuation jumped $450 million in just eight months since the Company’s last round in September 2021
- This is Dragoneer’s sixth investment in SpotOn over the last three years and the first time it has led the investment round
Significance of Transaction
- Through this investment, SpotOn plans to continue to invest in its product development, services, and distribution to bolster topline growth in the retail, food, and hospitality sectors
FT Partners' Role
- FT Partners served as exclusive strategic and financial advisor to SpotOn
- FT Partners previously advised SpotOn on its $300 million Series E financing in September 2021 and $125 million Series D financing in May 2021
- This transaction underscores FT Partners' deep FinTech expertise and its continued success in providing advisory to top-tier FinTech companies globally