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FiveStars

Food · San Francisco, United States · Founded 2011

A rewards and marketing platform for local businesses and the communities they serve MoreLess

FiveStars, which now operates as SpotOn, emerged from the vision of co-founders Victor Ho and Matt Doka. Ho, a former McKinsey consultant, and Doka, a fellow University of California, Berkeley alumnus, launched the company in 2011. Their collaboration began with a shared interest in empowering small businesses, an idea that took root after Ho's experience observing local businesses during his time at McKinsey. The company's initial focus was on providing a loyalty and marketing automation platform specifically designed for local small and medium-sized businesses. This platform aimed to help brick-and-mortar stores build customer relationships and drive repeat business through a system that replaced traditional paper punch cards with a more integrated digital solution.

The core offering revolved around a customer relationship management (CRM) system tailored for the small business market. It provided merchants with tools to create customized rewards programs, track customer visits and spending, and send targeted promotions via text and email. This allowed businesses to gather valuable customer data and use it to foster loyalty and increase sales. The business model was subscription-based, with businesses paying a monthly fee to access the platform's marketing and automation tools. By 2017, the company had established a significant footprint, serving approximately 12,000 businesses across the United States and Canada and having registered over 10 million consumers in its network.

A pivotal moment in the company's trajectory was its acquisition by SumUp in 2021 for a reported $317 million in a mix of cash and stock. SumUp, a global payments service provider, integrated FiveStars' technology to bolster its own product suite for merchants. Following this integration and a subsequent merger, the platform and its services were consolidated under the SpotOn brand, which continues to offer a comprehensive suite of software and payment solutions for the restaurant and retail sectors.

Keywords: customer loyalty, marketing automation, small business CRM, rewards program, local merchants, payment solutions, restaurant tech, retail tech, customer engagement, merchant services

Talent graph

FiveStars's talent

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Team profiled 46 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators Hidden — book a demo quality score
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

14 investors on FiveStars's cap table

Sourced from Dealroom's funding history. Investor profile links are shown where available.

Seed 6 investors entered at this stage
Series A 5 investors entered at this stage
Lightspeed Venture Partners
Hadi Partovi
Ali Partovi
Menlo Ventures
Rogers Venture Partners
Series B+ 3 investors entered at this stage
HarbourVest Partners
DCM Ventures
Salt Partners

Global footprint

Where FiveStars has talent and traffic

Workforce by country
8 countries with
team presence
🇺🇸 United States79.6%
🇵🇹 Portugal4.1%
🇪🇬 Egypt4.1%
🇧🇷 Brazil4.1%
🇲🇽 Mexico2%
Top 5 of 8 shown

Market sentiment

What the market is saying about FiveStars

An AI-synthesized read of the highest-engagement posts about FiveStars on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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