SpotOn raises $125M in a16z-led Series D, triples valuation to $1.875B
https://techcrunch.com/2021/05/26/spoton-raises-125m-in-a16z-led-series-d-triples-valuation-to-1-75b/
Certain industries were hit harder by the COVID-19 pandemic than others, especially in its early days.
Small businesses, including retailers and restaurants, were negatively impacted by lockdowns and the resulting closures. They had to adapt quickly to survive. If they didn’t use much technology before, they were suddenly being forced to, as so many things shifted to digital last year in response to the COVID-19 pandemic. For companies like SpotOn, it was a pivotal moment.