Andreessen Horowitz led a $300m Series E funding round in SpotOn.

Andreessen Horowitz, a venture capital firm, led a $300m Series E funding round in SpotOn, a developer of a cloud-based financial platform. Additional investors include DST Global, 01 Advisors, Dragoneer Investment, Franklin Templeton, Mubadala Investment, Wellington Management, Coatue Management, Douglas Merritt and Mike Scarpelli. “This investment enables SpotOn to significantly increase its total addressable market, with an end-to-end platform for restaurants and retail business of all types and sizes. The acquisition is a natural fit given the companies’ complementary technology and shared focus on market-leading customer support," David George, Andreessen Horowitz General Partner.