Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation.
Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup.
Today, SpotOn said it has closed on $300 million in Series E financing that values the company at $3.15 billion — more than 5x of its valuation at the time of its Series C round, and significantly higher than its $1.875 billion valuation in May (yes, just three and a half months ago) when it raised $125 million in a Series D funding event.
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