SpotHopper

SpotHopper

Restaurant marketing and online ordering platform

Overview

SpotHopper is a marketing and online revenue platform designed for restaurants. It provides an all-in-one suite that includes website design, social media management, email marketing, and online ordering to help restaurants improve their online presence, engage customers, and grow sales. The product works through a single platform where restaurant owners can manage their website, social campaigns, customer communications, and ordering flow from a centralized dashboard, with subscription tiers sized to fit different business needs. The company differentiates itself by offering an integrated set of marketing and revenue tools in one place, specifically tailored to restaurants of all sizes, rather than relying on disparate software. The goal is to streamline marketing efforts, boost digital footprint, and drive more revenue for restaurant owners and managers.

About SpotHopper

Simplify's Rating
Why SpotHopper is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consumer Software

Enterprise Software

Company Size

501-1,000

Company Stage

Series B

Total Funding

$26M

Headquarters

New York City, New York

Founded

2015

Simplify Jobs

Simplify's Take

What believers are saying

  • Raised $12M Series B in June 2023 to enhance AI sales solutions.
  • Delivers $5-10k additional monthly revenue per location for customers.
  • AI boosts engagement, doubles repeat visits without manual effort.

What critics are saying

  • Toast POS bundles superior marketing into dominant system, eroding standalone value.
  • SevenRooms outperforms in reservations and CRM for high-end independents.
  • OpenAI integrations enable POS giants to launch free superior AI marketing.

What makes SpotHopper unique

  • SpotHopper integrates AI-powered social media automation with website design for restaurants.
  • All-in-one platform replaces 10+ vendors, streamlining marketing and operations.
  • Powers 19,000 restaurants with 99% retention via easy-to-use dashboard.

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Funding

Total Funding

$26M

Below

Industry Average

Funded Over

2 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

2%

2 year growth

2%
Channel Equity Partners
Sep 12th, 2023
Experience | Channel EP

Embedded

Restaurant Technology News
Jul 19th, 2023
SpotHopper raises $12 million to boost its ai-enabled sales and marketing solutions for restaurants

This recent funding round follows SpotHopper’s $14 million Series A round led by TVC Capital, completed in December 2021, demonstrating the continued confidence of investors in the company’s growth potential.

FinSMEs
Jun 13th, 2023
Spothopper Raises 12M In Series B Funding

SpotHopper, a Milwaukee, WI-based provider of a restaurant marketing and operations technology platform, raised $12M in Series B funding.The round, which brought the total amount to $26M, saw participation from TVC Capital.The company intends to use the funds to accelerate the enhancement of its AI-based autonomous sales and marketing solutions for the restaurant industry.Founded in 2015 and led by CEO Aleksandar Ivanovic, SpotHopper provides an all-in-one marketing and operations technology platform for independent restaurants to elevate their online image, increase exposure, bring in more customers, attract more qualified employees, and keep up with national chains.SpotHopper also has offices across the United States and development and operations offices in Serbia.FinSMEs13/06/2023

FinSMEs
Dec 2nd, 2021
Spothopper Closes $14M In Series A Funding

SpotHopper, a Milwaukee WI-based provider of restaurant marketing and operations technology solutions, raised $14M in Series A funding. The round was led by TVC Capital. The company intends to use the funds to expand its sales model and feature development. Led by CEO Aleksandar Ivanovic, SpotHopper provides a marketing and operations technology platform for independent restaurants [] The post SpotHopper Closes $14M in Series A Funding appeared first on FinSMEs.

PYMNTS
Nov 30th, 2021
Restaurant Website Platform SpotHopper Nets $14M for Growth and Feature Development - PYMNTS.com

Restaurant website platform SpotHopper on Tuesday (Nov. 30) completed a Series A fundraising round that will bring in $14 million for expansion.

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