HotSpot Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 40

Employees

  • Latest Deal Type
  • Later Stage VC

  • Investors
  • 1

HotSpot General Information

Description

Developer of a parking payment application designed to make payments for parking and transit. The company's platform offers the ability to pay for parking tickets through smartphones without returning to the cars and sends notifications before parking time runs out, enabling users to avail themselves of parking facilities without any hassles.

Contact Information

Website
www.htsp.ca
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Venture Capital-Backed
Corporate Office
  • 515 Beaverbrook Court
  • Fredericton, New Brunswick E3B 1X6
  • Canada
+1 (855)
Primary Industry
Application Software
Other Industries
Automotive
Road
Other Services (B2C Non-Financial)
Parent Company
IBI Group
Vertical(s)
SaaS, Mobile
Corporate Office
  • 515 Beaverbrook Court
  • Fredericton, New Brunswick E3B 1X6
  • Canada
+1 (855)

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HotSpot Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Later Stage VC 01-Apr-2024 Completed Generating Revenue
5. Merger/Acquisition 01-Jun-2022 Completed Generating Revenue
4. Early Stage VC 29-Oct-2014 Completed Generating Revenue
3. Grant 14-Oct-2014 Completed Generating Revenue
2. Accelerator/Incubator 18-Mar-2014 $25K Completed Generating Revenue
1. Accelerator/Incubator 16-Dec-2013 $25K $25K Completed Generating Revenue
To view HotSpot’s complete valuation and funding history, request access »

HotSpot Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a parking payment application designed to make payments for parking and transit. The company's platform off
Application Software
Fredericton, Canada
40 As of 2022

Navi Mumbai, India
 
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HotSpot Competitors (1)

One of HotSpot’s competitors is Chalo, a Venture Capital-Backed company based in Navi Mumbai, India.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Chalo Venture Capital-Backed Navi Mumbai, India
You’re viewing 1 of 1 competitors. Get the full list »

HotSpot Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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HotSpot Former Investors (7)

Investor Name Investor Type Holding Investor Since Participating Rounds
BDC Capital Growth/Expansion Minority
Angel (individual) Minority
Angel (individual) Minority
New Brunswick Innovation Foundation Not-For-Profit Venture Capital Minority
Planet Hatch Accelerator/Incubator
You’re viewing 5 of 7 investors. Get the full list »

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HotSpot FAQs

  • When was HotSpot founded?

    HotSpot was founded in 2013.

  • Where is HotSpot headquartered?

    HotSpot is headquartered in Fredericton, Canada.

  • What is the size of HotSpot?

    HotSpot has 40 total employees.

  • What industry is HotSpot in?

    HotSpot’s primary industry is Application Software.

  • Is HotSpot a private or public company?

    HotSpot is a Private company.

  • What is HotSpot’s current revenue?

    The current revenue for HotSpot is .

  • How much funding has HotSpot raised over time?

    HotSpot has raised $730K.

  • Who are HotSpot’s investors?

    BDC Capital, , , New Brunswick Innovation Foundation, and Planet Hatch are 5 of 7 investors who have invested in HotSpot.

  • Who are HotSpot’s competitors?

    Chalo is a competitor of HotSpot.

  • When was HotSpot acquired?

    HotSpot was acquired on 01-Apr-2024.

  • Who acquired HotSpot?

    HotSpot was acquired by IBI Group.

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