HotSpot (Road) Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 40

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $5.74M

HotSpot (Road) General Information

Description

Developer of a parking payment application designed to make payments for parking and transits. The company's application features 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
Formerly VC-backed
Corporate Office
  • 515 Beaverbrook Court
  • Fredericton, New Brunswick E3B 1X6
  • Canada
+1 (855)
Primary Industry
Road
Other Industries
Media and Information Services (B2B)
Application Software
Automotive
Parent Company
Vertical(s)
Mobility Tech, SaaS, TMT, Mobile Commerce, Mobile
Corporate Office
  • 515 Beaverbrook Court
  • Fredericton, New Brunswick E3B 1X6
  • Canada
+1 (855)

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HotSpot (Road) Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Merger/Acquisition 01-Jun-2022 $5.74M 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 (Road)’s complete valuation and funding history, request access »

HotSpot (Road) Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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HotSpot (Road) Former Investors (7)

Investor Name Investor Type Holding Investor Since Participating Rounds
BDC Capital Growth/Expansion Minority
Brian Dunphy Angel (individual) Minority
Jeff Thompson 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 »

HotSpot (Road) FAQs

  • When was HotSpot (Road) founded?

    HotSpot (Road) was founded in 2013.

  • Where is HotSpot (Road) headquartered?

    HotSpot (Road) is headquartered in Fredericton, Canada.

  • What is the size of HotSpot (Road)?

    HotSpot (Road) has 40 total employees.

  • What industry is HotSpot (Road) in?

    HotSpot (Road)’s primary industry is Road.

  • Is HotSpot (Road) a private or public company?

    HotSpot (Road) is a Private company.

  • What is the current valuation of HotSpot (Road)?

    The current valuation of HotSpot (Road) is .

  • What is HotSpot (Road)’s current revenue?

    The current revenue for HotSpot (Road) is .

  • How much funding has HotSpot (Road) raised over time?

    HotSpot (Road) has raised $730K.

  • Who are HotSpot (Road)’s investors?

    BDC Capital, Brian Dunphy, Jeff Thompson, New Brunswick Innovation Foundation, and Planet Hatch are 5 of 7 investors who have invested in HotSpot (Road).

  • When was HotSpot (Road) acquired?

    HotSpot (Road) was acquired on 01-Jun-2022.

  • Who acquired HotSpot (Road)?

    HotSpot (Road) was acquired by IBI Group.

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