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

Past deals in Parking

Rover Parking

Acquisition in 2020
Rover Parking is a peer-to-peer marketplace that connects users with privately shared parking spaces. Similar to the model of home-sharing platforms, Rover Parking allows individuals to list their unused or empty parking spots for others to rent. This service helps users find convenient and affordable parking options, enhancing their overall parking experience. By facilitating access to local parking resources, Rover Parking aims to optimize the use of available spaces and provide cost-effective solutions for those in need of parking.

Parking Panda

Acquisition in 2017
Parking Panda Corp. is a mobile and web-based platform that facilitates the rental and reservation of parking spaces across North America. Founded in 2011 and headquartered in Baltimore, Maryland, the company allows parking space owners to list underutilized spots for drivers seeking parking through its mobile application. Users can search, compare, and reserve guaranteed parking in over 40 cities, streamlining the parking process. In addition to its core reservation services, Parking Panda offers PandaScan, a cloud-based solution that combines hardware scanning technology with its digital platform, alongside a suite of management tools designed to simplify payment processing, inventory tracking, and ticket creation for parking operators. As of April 2017, Parking Panda operates as a subsidiary of SpotHero Inc.

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.
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