Sign up for free newsletter

 

iPhone

On demand parking app SpotHero raises USD4.5m in series A funding

SpotHero, a mobile app helping drivers reserve parking on demand, has secured a Series A investment of USD4.5 million.

The funding round included participation from Chicago Ventures, Bullpen Capital, Battery Ventures, OCA Ventures, Pritzker Group Venture Capital, Lightbank, G2T3V, e.ventures, Draper Associates and 500 Startups.
 
Mike Gamson of LinkedIn will join SpotHero's board of directors, which includes Sam Yagan (CEO of Match.com) and experienced venture capitalist Sam Guren.
 
SpotHero's free mobile app for iPhone and Android helps drivers find parking in convenient garages and lots, compare affordable rates and reserve spots in advance. The app helps garages fill unsold inventory, and also helps drivers know exactly where they will park and how much they will pay.
 
"I started SpotHero to make a few extra bucks renting out my friends' parking spots," says Jeremy Smith, co-founder and chief operating officer of SpotHero. "Three years later, we've partnered with the largest parking operators in the country and are sending individual parking garages as much as USD500,000 per year in incremental revenue."


Subscribe to free daily newsletter
MediaWatch WA awards 2015

See interviews and presentation at the Wealth Adviser 2015 awards ceremony, held at Sketch, Mayfair on the 15th May .... »

latestjobs
Analyst/Associate Healthcare Investment Banking

Mon, 31 Aug 2015 00:00:00 GMT

Ph. D / Quantitative Researcher - NYC

Mon, 31 Aug 2015 00:00:00 GMT

Investment Banking Restructuring Analyst/Associate

Mon, 31 Aug 2015 00:00:00 GMT

events
1 week 5 hours from now - New York
1 week 1 day from now - New York
1 week 6 days from now - London
2 weeks 5 hours from now - California
specialreports