SpotHero

SpotHero Inc. provides a platform for reserving off-street parking in North America, aiming to alleviate urban congestion by transforming how individuals park. Founded in 2011 and headquartered in Chicago, Illinois, with an additional office in Detroit and operations in Toronto, SpotHero offers a mobile application and website that enable drivers to locate, compare, and reserve discounted parking spaces. The platform connects users with parking lots, garages, and valet services, allowing for seamless booking and payment processing. By facilitating advanced reservations, SpotHero helps users avoid the frustration of searching for available parking, thereby enhancing accessibility in urban environments.

Kavita Suthar

CFO

3 past transactions

Rover Parking

Acquisition in 2020
Rover connects empty and unused parking spots with those looking for affordable and convenient parking.

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 is an online platform that allows users to find, compare prices, and book parking spaces across major cities in the United States. Founded in 2011 by Mark Lawrence and Larry Kiss, the company is based in Chicago, Illinois. ParkPlease connects parking space owners with individuals seeking nearby parking options, facilitating a seamless booking experience. The platform also offers a mobile application for convenient access to its services. ParkPlease generates revenue by charging customers for its offerings and has been acquired by SpotHero.
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