Spott

Company Overview

Snapshot

Founded in January 2021 by Guy Salame, Amit Batzir, and Roma Bronstein, Spott operates with 1–10 employees. The company raised $8.3M across one funding round with two investors. Spott was acquired by Payoneer Global in August 2023.

Business overview

Spott is a data-powered insurance platform designed to protect eCommerce businesses from financial losses. The company offers dynamic insurance products, including liability insurance, suspension coverage, and stockout protection, to mitigate risks such as lawsuits and sales disruptions. Spott operates within the Fintech & Insurtech sector, serving online retailers and the broader eCommerce market by providing one-click coverage solutions.

Strategic signal

In August 2023, Spott was acquired by Payoneer Global. This acquisition highlights the increasing demand for specialized insurance solutions within the rapidly growing eCommerce sector and signals a strategic move by Payoneer to expand its data capabilities and service offerings to online merchants.

Company Intelligence Q&A

What is Spott's primary business?

Spott provides a data-powered insurance platform that offers dynamic insurance products, including liability insurance, suspension coverage, and stockout protection, specifically for eCommerce businesses.

When was Spott founded and by whom?

Spott was founded in January 2021 by Guy Salame, Amit Batzir, and Roma Bronstein.

What was a significant corporate milestone for Spott in 2023?

In August 2023, Spott was acquired by Payoneer Global, leading to its inactive status.

How much capital did Spott raise?

Spott raised a total of $8.3M across one funding round. This funding round included investments from Viola Ventures and Team8.

Which investors participated in Spott's funding round?

Viola Ventures and Team8 participated in Spott's funding round, which totaled $8.3M.