SpotOn Transact, a San Francisco, CA-based software and payments company, raised $60m in Series C funding.
The round was led by DST Global, with participation from existing investors including Dragoneer Investment Group and Franklin Templeton.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Matt Hyman, SpotOn powers small- and medium-sized businesses (SMBs) with digital tools to run and grow their business. The software and payments platform, coupled with a hands-on service model, offers end-to-end solutions which include marketing, website development, appointment scheduling, digital loyalty, review management, and both retail and restaurant point-of-sale (POS) solutions. It is focused on the retail, services and restaurant industries.
The company employs more than 1,000 team members in San Francisco, Chicago, Detroit, Mexico City, Denver and Krakow.