Software firm SpotOn raises $300 mn in VC funding

Software maker SpotOn has raised $300 million in a VC funding round led by investment firm Dragoneer.
Dollar spending on technology
The VC funding round also saw participation from growth-stage venture capital fund G Squared and existing investors Andreessen Horowitz, DST Global, Franklin Templeton and Mubadala Investment Company.

SpotOn, co-founded in 2017 by twin brothers Matt and Zach Hyman, offers payments and other software to restaurants as well as other small and medium-sized businesses.

In September, SpotOn had raised $300 million in a series E round.

San Franciso-based SpotOn tripled revenue in the restaurant sector over the past year. SpotOn would use the funds raised to develop technology products.

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