261:, and venture capitalist Sam Guren. The company raised $ 20 million in Series B funding in 2015, and an additional $ 30 million in a Series C round in July 2017. In September 2018, the company raised an additional $ 10 million, bringing its total raised since launching to $ 68 million. In August 2019 SpotHero announced $ 50 million in Series D funding led by Macquarie Capital, bringing the company's total funding to date to $ 118 million.
270:
Orleans, Philadelphia, and San
Francisco. In July 2016, the company expanded to Los Angeles, and in January 2017 added 13 additional cities, including Austin, Indianapolis, Miami and San Diego. In 2020, the company was recognized as the fifteenth-largest privately held consumer marketplace. As of November 2020, the company services over 300 cities in North America with a network of over 7,000 garages.
24:
273:
SpotHero for
Business was launched in March 2017, as a business-focused service with features and tools for paying, managing and organizing parking expenses. The company also launched a free developer platform to help businesses integrate parking reservations into their existing apps. In May 2017,
221:
SpotHero was founded by Mark
Lawrence and Jeremy Smith in Chicago in 2011, with co-founder Larry Kiss joining the company soon after. The company started out as a peer-to-peer parking marketplace, where people could rent out their own private parking spots, before expanding the platform to partner
269:
Between 2011 and 2013, the company expanded from 5 employees to 22, grew to seven business markets (Chicago, New York, Washington, D.C., Boston, Baltimore, Newark, and
Milwaukee) and opened an office in New York City. By August 2015, SpotHero serviced 5 additional cities: Denver, Minneapolis, New
287:, "By allowing users to reserve a spot rather than circling dense city centers, apps like SpotHero can help stem congestion and pollution." That year, SpotHero purchased 500 Waze beacons for $ 15,000 and gave them to the
310:
to offer drivers the chance to view and book off-street parking near transit stations in San
Francisco, to help ease road congestion in the Bay Area. In June 2019, it was reported that SpotHero was partnering with
341:, a Baltimore-based services and event parking company. The acquisition expanded SpotHero into Canada, and brought the number of parking locations the company could reserve at to over 5,000.
249:; at the time, it only served Milwaukee and Chicago. In June 2014, SpotHero raised an additional $ 4.5 million in funding and announced new board of directors members, including
274:
SpotHero announced a partnership with commuter employee benefits administrator WageWorks allowing users to pay pre-tax dollars for daily parking near their places of work.
1014:
633:
805:
399:
1170:
377:
188:
that connects drivers looking to reserve and pay for parking spaces with parking lots, parking garages and valet services. The company, which operates a
792:
467:
529:
501:
344:
In
November 2020, SpotHero acquired the Toronto-based app Rover Parking, helping the company access thousands more parking locations across Canada.
1185:
1180:
424:
1205:
1160:
1071:
904:
818:
727:
770:
595:
1125:
1090:
710:
992:
1200:
1055:
1037:
926:
948:
1190:
860:
611:
659:
582:
288:
1165:
556:
861:"Chicago's SpotHero, Cameo join Apple, Amazon and other tech giants on Time list of companies 'inventing the future'"
451:
303:
rental cars, SpotHero announced that it had readied 500 parking facilities in
Chicago for driverless cars.
483:
1175:
838:
1111:
292:
970:
334:
In April 2015, SpotHero acquired San
Francisco-based peer-to-peer parking marketplace ParkPlease.
882:
326:
product allowing operators of parking garages or lots to adjust prices based on real-time data.
1195:
283:
magazine's inaugural list of 50 Genius
Companies that are inventing the future. According to
806:"SpotHero launches developer platform to expand its parking inventory into third-party apps"
684:
400:"SpotHero launches developer platform to expand its parking inventory into third-party apps"
8:
689:
612:"SpotHero raises $ 10 million to hire developers, upgrade its parking reservation tech"
530:"SpotHero Raises $ 2.5M From Battery, Lightbank To Help You Reserve Parking In Garages"
185:
744:
468:"SpotHero launches its parking app in SF, and on-demand valet startups should worry,"
300:
246:
205:
685:"Forget valet apps — SpotHero raises $ 20 million to let people park their own cars"
793:"SpotHero for Business launches to help employees submit parking expenses directly"
296:
230:
905:"Chicago is installing beacons to keep your GPS from freaking out on Lower Wacker"
291:
to install in the lower roads of downtown
Chicago, broadcasting an open signal so
1094:
561:
487:
323:
279:
226:
34:
196:
as well as a parking developer platform, is available in over 300 cities in the
1154:
358:
338:
197:
156:
90:
77:
883:"Waze Lights the Beacons to Guide Drivers Through Chicago's Tangled Streets"
771:"SpotHero raises $ 50 million to bring underutilized parking spaces online"
634:"SpotHero Announces $ 50 Million Series D Funding Led by Macquarie Capital"
234:
534:
470:
429:
425:"On Demand Parking App SpotHero Raises $ 4.5 Million In Series A Funding"
72:
1056:"SpotHero buys ParkPlease in attempt to bolster San Francisco presence,"
819:"SpotHero, WageWorks team up for pretax on-demand parking near your job"
993:"Moovit taps SpotHero to show parking spots in multi-modal transit app"
663:
378:"500 of SpotHero's Chicago Parking Areas Now Ready for Driverless Cars"
319:, to link their navigation and parking into a unified user experience.
238:
189:
151:
258:
254:
242:
1015:"Waze and SpotHero partnership aims to cut parking-based congestion"
295:
will work properly. Following an integration of its technology with
353:
250:
728:"Chicago-based parking startup SpotHero pulls into 13 new markets"
502:"Chicago's SpotHero Raises 2.5mm to Bring Sanity to Urban Parking"
949:"SpotHero introduces 500 autonomous car-ready garages in Chicago"
193:
182:
23:
1126:"SpotHero to buy Rover Parking to continue expansion in Canada"
927:"SpotHero is getting parking garages ready for driverless cars"
506:
316:
307:
201:
711:"SpotHero expands to LA, plans to add other West Coast cities"
1038:"SpotHero to Launch AI System for Dynamically Priced Parking"
660:"On-Demand Parking Service SpotHero Raises $ 20M In Series B"
454:
312:
1091:"SpotHero buys Baltimore-based competitor Parking Panda,"
583:"SpotHero is ready for the future of autonomous parking,"
1145:
167:
971:"Moovit trials smart parking service in San Francisco"
452:"SpotHero: An app that makes parking reservations,"
322:In early 2020, the company launched SpotHero IQ, a
306:In March 2019, SpotHero partnered with transit app
225:In December 2012, SpotHero raised $ 2.5 million in
682:
1152:
1085:
1083:
557:"SpotHero announces new funding, board members"
521:
419:
417:
596:"SpotHero tops off with another $ 30 million,"
1171:Privately held companies of the United States
1072:"SpotHero acquires San Francisco competitor,"
657:
554:
1080:
588:
460:
414:
494:
527:
1017:. Traffic Technology Today. June 28, 2019
833:
831:
315:, a GPS navigation software app owned by
1106:
1104:
811:
1186:Internet properties established in 2011
1181:Transport companies established in 2011
1035:
720:
264:
1206:American companies established in 2011
1153:
828:
476:
444:
1161:Online companies of the United States
1101:
484:"SpotHero Paves the Way for Parking,"
1123:
614:. Chicago Tribune. September 6, 2018
402:. Venturebeat.com. February 14, 2017
289:Chicago Department of Transportation
241:, OCA Ventures, New World Ventures,
222:with parking companies and garages.
1201:Android (operating system) software
1124:Chen, I-Chun (September 10, 2020).
1036:Council, Jared (January 29, 2020).
216:
13:
1112:"SpotHero acquires Parking Panda,"
907:. Chicago Tribune. August 29, 2018
863:. Chicago Tribune. October 4, 2018
14:
1217:
1139:
995:. Venturebeat.com. March 12, 2019
839:"Genius Companies 2018: SpotHero"
808:, VentureBeat, February 14, 2017.
745:"The a16z Marketplace 100: Index"
380:. Americaninno.com. July 10, 2018
337:In April 2017, SpotHero acquired
951:. Venturebeat.com. July 10, 2018
929:. Chicago Tribune. July 23, 2018
683:Kokalitcheva, Kia (2015-08-19).
22:
1191:2011 establishments in Illinois
1117:
1064:
1048:
1029:
1007:
985:
963:
941:
919:
897:
875:
853:
798:
785:
773:. Venture Beat. August 22, 2019
763:
737:
703:
676:
651:
626:
604:
575:
329:
277:In 2018, SpotHero was named to
973:. Cities Today. March 14, 2019
795:, VentureBeat, March 15, 2017.
585:TechCrunch, September 8, 2016.
548:
392:
370:
1:
364:
658:Matney, Lucas (2015-08-19).
555:Janega, James (2014-06-11).
7:
1114:TechCrunch, April 13, 2017.
885:. Wired. September 12, 2018
347:
10:
1224:
1166:Companies based in Chicago
211:
204:. The company is based in
528:Rao, Leena (2012-12-13).
162:
150:
137:
129:
96:
84:
68:
56:
48:
40:
30:
21:
1130:Chicago Business Journal
1075:Crain's Chicago Business
599:Crain's Chicago Business
1110:Kristen Hall-Geisler,
581:Kristen Hall-Geisler,
638:www.businesswire.com
491:, November 18, 2016.
265:Growth and expansion
133:Parking reservations
1042:Wall Street Journal
817:Cheryl V. Jackson,
734:, January 26, 2017.
473:, December 9, 2014.
139:Number of employees
18:
751:. 18 February 2020
466:Kia Kokalitcheva,
16:
1176:Parking companies
1098:, April 13, 2017.
1077:, April 21, 2015.
1061:, April 21, 2015.
247:Draper Associates
206:Chicago, Illinois
176:
175:
146:
125:
120:
115:
110:
105:
1213:
1146:Official website
1134:
1133:
1121:
1115:
1108:
1099:
1087:
1078:
1068:
1062:
1052:
1046:
1045:
1033:
1027:
1026:
1024:
1022:
1011:
1005:
1004:
1002:
1000:
989:
983:
982:
980:
978:
967:
961:
960:
958:
956:
945:
939:
938:
936:
934:
923:
917:
916:
914:
912:
901:
895:
894:
892:
890:
879:
873:
872:
870:
868:
857:
851:
850:
848:
846:
835:
826:
815:
809:
802:
796:
789:
783:
782:
780:
778:
767:
761:
760:
758:
756:
741:
735:
724:
718:
717:, July 19, 2016.
707:
701:
700:
698:
697:
680:
674:
673:
671:
670:
655:
649:
648:
646:
645:
630:
624:
623:
621:
619:
608:
602:
601:, July 18, 2017.
592:
586:
579:
573:
572:
570:
569:
552:
546:
545:
543:
542:
525:
519:
518:
516:
515:
498:
492:
480:
474:
464:
458:
448:
442:
441:
439:
438:
421:
412:
411:
409:
407:
396:
390:
389:
387:
385:
374:
297:Google Assistant
253:'s Mike Gamson,
231:Battery Ventures
217:Early beginnings
172:
169:
144:
123:
118:
113:
108:
103:
26:
19:
15:
1223:
1222:
1216:
1215:
1214:
1212:
1211:
1210:
1151:
1150:
1142:
1137:
1122:
1118:
1109:
1102:
1095:Chicago Tribune
1088:
1081:
1069:
1065:
1059:Chicago Tribune
1053:
1049:
1034:
1030:
1020:
1018:
1013:
1012:
1008:
998:
996:
991:
990:
986:
976:
974:
969:
968:
964:
954:
952:
947:
946:
942:
932:
930:
925:
924:
920:
910:
908:
903:
902:
898:
888:
886:
881:
880:
876:
866:
864:
859:
858:
854:
844:
842:
837:
836:
829:
825:, May 16, 2017.
823:Chicago Tribune
816:
812:
803:
799:
790:
786:
776:
774:
769:
768:
764:
754:
752:
743:
742:
738:
732:Chicago Tribune
725:
721:
715:Chicago Tribune
708:
704:
695:
693:
681:
677:
668:
666:
656:
652:
643:
641:
632:
631:
627:
617:
615:
610:
609:
605:
593:
589:
580:
576:
567:
565:
562:Chicago Tribune
553:
549:
540:
538:
526:
522:
513:
511:
500:
499:
495:
481:
477:
465:
461:
449:
445:
436:
434:
423:
422:
415:
405:
403:
398:
397:
393:
383:
381:
376:
375:
371:
367:
350:
332:
324:dynamic pricing
267:
237:, Bullet Time,
227:venture capital
219:
214:
166:
140:
121:
116:
111:
106:
99:
87:
80:
63:
61:
12:
11:
5:
1221:
1220:
1209:
1208:
1203:
1198:
1193:
1188:
1183:
1178:
1173:
1168:
1163:
1149:
1148:
1141:
1140:External links
1138:
1136:
1135:
1116:
1100:
1079:
1063:
1047:
1028:
1006:
984:
962:
940:
918:
896:
874:
852:
827:
810:
797:
784:
762:
736:
719:
709:Ally Marotti,
702:
675:
650:
625:
603:
587:
574:
547:
520:
493:
475:
459:
457:, May 7, 2015.
443:
413:
391:
368:
366:
363:
362:
361:
356:
349:
346:
331:
328:
266:
263:
218:
215:
213:
210:
174:
173:
164:
160:
159:
154:
148:
147:
141:
138:
135:
134:
131:
127:
126:
122:Matt Sullivan
107:Chris Stevens
102:Mark Lawrence
100:
97:
94:
93:
88:
85:
82:
81:
76:
70:
66:
65:
60:Mark Lawrence
58:
54:
53:
50:
46:
45:
42:
38:
37:
32:
28:
27:
9:
6:
4:
3:
2:
1219:
1218:
1207:
1204:
1202:
1199:
1197:
1194:
1192:
1189:
1187:
1184:
1182:
1179:
1177:
1174:
1172:
1169:
1167:
1164:
1162:
1159:
1158:
1156:
1147:
1144:
1143:
1131:
1127:
1120:
1113:
1107:
1105:
1097:
1096:
1092:
1089:Amina Elahi,
1086:
1084:
1076:
1073:
1067:
1060:
1057:
1054:Amina Elahi,
1051:
1043:
1039:
1032:
1016:
1010:
994:
988:
972:
966:
950:
944:
928:
922:
906:
900:
884:
878:
862:
856:
840:
834:
832:
824:
820:
814:
807:
804:Paul Sawers,
801:
794:
791:Paul Sawers,
788:
772:
766:
750:
746:
740:
733:
729:
723:
716:
712:
706:
692:
691:
686:
679:
665:
661:
654:
639:
635:
629:
613:
607:
600:
597:
591:
584:
578:
564:
563:
558:
551:
537:
536:
531:
524:
509:
508:
503:
497:
490:
489:
485:
482:Alex Moazed,
479:
472:
469:
463:
456:
453:
450:Kate Rogers,
447:
432:
431:
426:
420:
418:
401:
395:
379:
373:
369:
360:
359:Parking Panda
357:
355:
352:
351:
345:
342:
340:
339:Parking Panda
335:
327:
325:
320:
318:
314:
309:
304:
302:
298:
294:
290:
286:
282:
281:
275:
271:
262:
260:
256:
252:
248:
244:
240:
236:
232:
228:
223:
209:
207:
203:
199:
198:United States
195:
191:
187:
184:
181:is a digital
180:
171:
165:
161:
158:
157:Parking Panda
155:
153:
149:
142:
136:
132:
128:
101:
95:
92:
91:North America
89:
83:
79:
78:United States
74:
71:
67:
59:
55:
51:
47:
43:
39:
36:
33:
29:
25:
20:
1196:IOS software
1129:
1119:
1093:
1074:
1070:John Pletz,
1066:
1058:
1050:
1041:
1031:
1019:. Retrieved
1009:
997:. Retrieved
987:
975:. Retrieved
965:
953:. Retrieved
943:
931:. Retrieved
921:
909:. Retrieved
899:
887:. Retrieved
877:
865:. Retrieved
855:
843:. Retrieved
822:
813:
800:
787:
775:. Retrieved
765:
753:. Retrieved
748:
739:
731:
726:Meg Graham,
722:
714:
705:
694:. Retrieved
688:
678:
667:. Retrieved
653:
642:. Retrieved
640:. 2019-08-22
637:
628:
616:. Retrieved
606:
598:
594:John Pletz,
590:
577:
566:. Retrieved
560:
550:
539:. Retrieved
533:
523:
512:. Retrieved
510:. 2012-12-13
505:
496:
486:
478:
462:
446:
435:. Retrieved
433:. 2014-06-11
428:
404:. Retrieved
394:
382:. Retrieved
372:
343:
336:
333:
330:Acquisitions
321:
305:
284:
278:
276:
272:
268:
235:500 Startups
224:
220:
178:
177:
152:Subsidiaries
117:Matt DiBari
112:Beth Hayden
69:Headquarters
64:Jeremy Smith
31:Company type
777:19 November
755:19 November
535:Tech Crunch
471:VentureBeat
430:MarketWatch
229:funds from
186:marketplace
145:(July 2018)
86:Area served
73:Chicago, IL
62:Larry Kiss
1155:Categories
696:2015-11-26
669:2015-10-23
664:TechCrunch
644:2020-11-01
568:2015-01-14
541:2015-01-14
514:2015-01-14
437:2015-01-14
365:References
239:e.Ventures
190:mobile app
98:Key people
1021:20 August
999:20 August
977:20 August
955:20 August
933:20 August
911:20 August
889:20 August
867:20 August
845:20 August
618:20 August
406:20 August
384:20 August
259:Sam Yagan
255:Match.com
243:Lightbank
749:a16z.com
354:ParkWhiz
348:See also
251:LinkedIn
233:(lead),
179:SpotHero
168:spothero
130:Services
41:Industry
17:SpotHero
690:Fortune
212:History
194:website
183:parking
163:Website
57:Founder
49:Founded
44:Parking
35:Private
841:. Time
507:Forbes
317:Google
308:Moovit
245:, and
202:Canada
301:Hertz
124:(CRO)
119:(CPO)
114:(CPO)
109:(CMO)
104:(CEO)
1023:2019
1001:2019
979:2019
957:2019
935:2019
913:2019
891:2019
869:2019
847:2019
779:2020
757:2020
620:2019
488:Inc.
455:CNBC
408:2019
386:2019
313:Waze
299:and
285:Time
280:Time
200:and
192:and
170:.com
143:219
52:2011
293:GPS
257:'s
1157::
1128:.
1103:^
1082:^
1040:.
830:^
821:,
747:.
730:,
713:,
687:.
662:.
636:.
559:.
532:.
504:.
427:.
416:^
208:.
75:,
1132:.
1044:.
1025:.
1003:.
981:.
959:.
937:.
915:.
893:.
871:.
849:.
781:.
759:.
699:.
672:.
647:.
622:.
571:.
544:.
517:.
440:.
410:.
388:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
