SpotHero Overview
- Year Founded
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2011
- Status
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Private
- Employees
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270
- Latest Deal Type
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Later Stage VC
- Investors
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46
SpotHero General Information
Description
Developer of a mobile application designed to make parking facilities future-proofed, cities more accessible, and the world connected. The company's application connects parking lots, garages, and valet services and exchanges data and payments, enabling customers to reserve parking spots, compare rates, and find open parking.
Contact Information
Website
www.spothero.comCorporate Office
- 125 South Clark Street
- Suite 200
- Chicago, IL 60603
- United States
Corporate Office
- 125 South Clark Street
- Suite 200
- Chicago, IL 60603
- United States
SpotHero Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 11. Later Stage VC | 01-Feb-2024 | Completed | Generating Revenue | |||
| 10. Secondary Transaction - Private | Completed | Generating Revenue | ||||
| 9. Later Stage VC (Series D) | 22-Aug-2019 | Completed | Generating Revenue | |||
| 8. Later Stage VC | 13-Dec-2018 | Completed | Generating Revenue | |||
| 7. Later Stage VC (Series C3) | 05-Sep-2018 | Completed | Generating Revenue | |||
| 6. Later Stage VC (Series C) | 08-Dec-2017 | Completed | Generating Revenue | |||
| 5. Early Stage VC (Series B) | 19-Aug-2015 | Completed | Generating Revenue | |||
| 4. Early Stage VC (Series A) | 11-Jun-2014 | Completed | Product Development | |||
| 3. Seed Round | 13-Dec-2012 | $2.59M | $2.59M | Completed | Product Development | |
| 2. Accelerator/Incubator | 26-Apr-2012 | Completed | Startup |
SpotHero Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series D2 | ||||||||
| Series D1 | ||||||||
| Series C4 | ||||||||
| Series C3 | ||||||||
| Series C2 | ||||||||
| Series C1 | ||||||||
| Series B | ||||||||
| Series A | 627,888 | $0.000100 | $7.16 | $7.16 | 1x | $7.16 | 7.85% | |
| Series Seed | 547,891 | $0.000100 | $4.73 | $4.73 | $4.73 | 6.85% |
VC Exit Predictor
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Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
SpotHero Comparisons
Industry
Financing
Details
SpotHero Competitors (12)
One of SpotHero’s 12 competitors is Citility, a Formerly VC-backed company based in Bengaluru, India.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Citility | Formerly VC-backed | Bengaluru, India | ||||
| SpotAngels | Venture Capital-Backed | San Francisco, CA | ||||
| Way.com | Venture Capital-Backed | Fremont, CA | ||||
| ParkMobile | Private Equity-Backed | Atlanta, GA | ||||
| MyPark | Venture Capital-Backed | Miami, FL |
SpotHero Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
SpotHero Patents
SpotHero Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20240020738-A1 | Systems and methods for operating a parking facility | Pending | 12-Jul-2022 | ||
| CA-3205674-A1 | Systems and methods for operating a parking facility | Pending | 12-Jul-2022 | ||
| US-20210043021-A1 | Parking facility communication systems and methods | Active | 07-Aug-2019 | ||
| US-11842591-B2 | Parking facility communication systems and methods | Active | 07-Aug-2019 | ||
| US-11587194-B2 | Vehicle floating fleet systems and methods | Active | 03-Jun-2019 | G06Q10/087 |
SpotHero Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
SpotHero Investors (46)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Focus Opportunity Fund | Growth/Expansion | Minority | ||
| Illinois Growth and Innovation Fund | Impact Investing | Minority | ||
| SNAK Venture Partners | Venture Capital | Minority | ||
| Alpha Partners | Venture Capital | Minority | ||
| Crux Capital (Menlo Park) | Venture Capital | Minority |
SpotHero Acquisitions (3)
SpotHero’s most recent deal was a Merger/Acquisition with Rover Parking. The deal was made on 30-Oct-2020.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Rover Parking | 30-Oct-2020 | Merger/Acquisition | Other Services (B2C Non-Financial) | ||
| Parking Panda | 13-Apr-2017 | Merger/Acquisition | Other Services (B2C Non-Financial) | ||
| ParkPlease | 21-Apr-2015 | Merger/Acquisition | Social/Platform Software |
SpotHero FAQs
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When was SpotHero founded?
SpotHero was founded in 2011.
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Where is SpotHero headquartered?
SpotHero is headquartered in Chicago, IL.
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What is the size of SpotHero?
SpotHero has 270 total employees.
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What industry is SpotHero in?
SpotHero’s primary industry is Automotive.
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Is SpotHero a private or public company?
SpotHero is a Private company.
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What is SpotHero’s current revenue?
The current revenue for SpotHero is .
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How much funding has SpotHero raised over time?
SpotHero has raised $118M.
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Who are SpotHero’s investors?
Focus Opportunity Fund, Illinois Growth and Innovation Fund, SNAK Venture Partners, Alpha Partners, and Crux Capital (Menlo Park) are 5 of 46 investors who have invested in SpotHero.
-
Who are SpotHero’s competitors?
Citility, SpotAngels, Way.com, ParkMobile, and MyPark are some of the 12 competitors of SpotHero.
Data Transparency
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