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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