SpotHero

SpotHero Inc. is a leading provider of parking reservation services in North America, enabling drivers to easily locate and secure parking spots through its mobile application and website. Founded in 2011 and headquartered in Chicago, Illinois, with an additional office in Detroit and operations in Toronto, the company allows users to compare prices and reserve discounted parking in garages and lots. The SpotHero application connects various parking facilities, including garages and valet services, facilitating seamless data exchange and payment processing. By streamlining the parking experience, SpotHero aims to make urban areas more accessible and enhance connectivity for drivers.

Kavita Suthar

CFO

Sam Yagan

Chairman Of The Board

3 past transactions

Rover Parking

Acquisition in 2020
Rover Parking operates a peer-to-peer marketplace that connects individuals seeking parking with private parking spaces listed by local owners. By offering access to underutilized parking spots, Rover Parking provides a convenient and cost-effective solution for users looking for parking options. The platform enhances the parking experience by facilitating transactions between those with available spaces and those in need of parking, similar to how Airbnb operates in the accommodation sector.

Parking Panda

Acquisition in 2017
Parking Panda Corp. operates a community marketplace for parking in North America, allowing parking space owners to rent out underutilized spots to drivers through its mobile application. The platform enables users to search for, compare, and reserve guaranteed parking in over 40 cities. Additionally, Parking Panda provides a suite of parking management tools that address common industry challenges, including on-site payment processing, inventory tracking, and ticket creation. The company also offers PandaScan, a cloud-based solution that integrates hardware scanning technology with its digital parking services. Founded in 2011 and based in Baltimore, Maryland, Parking Panda became a subsidiary of SpotHero Inc. in 2017.

ParkPlease

Acquisition in 2015
ParkPlease, established in 2011 and headquartered in Chicago, Illinois, is a technology company that operates an online platform and mobile application for finding, comparing prices, and booking parking spaces in major U.S. cities. The company facilitates transactions between parking space owners and users, generating revenue through service fees. In 2018, ParkPlease was acquired by SpotHero.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.