Wednesday, September 15, 2021
Appetize Acquired By SpotOn
Los Angeles-based Appetize, the developer of point-of-sale ordering apps serving the restaurant, sports, entertainment, and hospitality business, has been acquired by San Francisco-based SpotOn, the companies said on Tuesday. Financial details of the acquisition were not announced. SpotOn announced the buy along with a $300M, Series E funding round. Appetize was venture backed by such investors as 32equity, the investment arm of the NFL, as well as Oak View Group and Shamrock Capital Advisors. SpotOn said its funding round values the company at $3.15 billion, with the funding led by Andreessen Horowitz. The combined company will employ 1,600 people. Other investors in SpotOn include DST Global, 01 Advisors, Dragoneer Investment Group, Franklin Templeton, Mubadala Investment Company, Wellington Management and Coatue Management. Appetize will continue to be run by current CEO Max Roper.