San Francisco based provider of point-of-sale payment solutions raised $125m in Series D funding at a $1.75b valuation led by Andreesen Horowitz.
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SpotOn raises $125m in a16z-led Series D, triples valuation to $1.875b
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“We really took a hard look at what was happening to our clients. And we realized we needed to pivot, just to be able to support them,” co-CEO and co-founder Matt Hyman recalls. “We had to make a decision because our revenues also were taking a big hit, just like our clients were. Rather than lay off staff or require salary deductions, we stayed true to our core values and just kept plugging away.”
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