About HotSpot Parking
HotSpot Parking is a company based in United States founded in 2013 by Phillip Curley was acquired by IBI Group in June 2022. It operates as a SaaS (Software-as-a-Service), and Subscription Services. HotSpot Parking offers products and services including Digital Permits, Fast Tap Signs, Real-time Parking Map, Enforcement, and HotSpot App. HotSpot Parking operates in a competitive market with competitors including HonkMobile, clicknpark, hangTag, iStall and Rover Parking, among others.
- Headquarter Canada, United States
- Founders Phillip Curley
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Products & Services of HotSpot Parking
HotSpot Parking offers a comprehensive portfolio of products and services, including Digital Permits, Fast Tap Signs, Real-time Parking Map, Enforcement, and HotSpot App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Parking management is streamlined with efficient digital permit systems.
Parking payment is simplified with quick tap sign technology.
Urban navigation is aided by real-time parking map tools.
Parking compliance is ensured through effective enforcement solutions.
Seamless parking is provided via the HotSpot mobile app.
Fare compliance is boosted with simplified transit payment options.
Funding Insights of HotSpot Parking
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in HotSpot Parking
HotSpot Parking has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include IBI Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Urban infrastructure is developed and designed internationally by the firm.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by HotSpot Parking
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - HotSpot Parking
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hotspot Parking Comparisons
Competitors of HotSpot Parking
HotSpot Parking operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HonkMobile, clicknpark, hangTag, iStall and Rover Parking, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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Mobile app for booking parking spots in advance across various locations.
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Mobile app for paying and managing parking sessions easily.
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Platform for renting unused parking spaces and paying fines securely.
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Online platform to list, find, and book parking spots
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| domain | founded_year | HQ Location |
Offers an app-based platform for booking parking spaces.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hotspot Parking
Frequently Asked Questions about HotSpot Parking
When was HotSpot Parking founded?
HotSpot Parking was founded in 2013.
Where is HotSpot Parking located?
HotSpot Parking is headquartered in United States.
Who is the current CEO of HotSpot Parking?
Phillip Curley is the current CEO of HotSpot Parking. They have also founded this company.
What does HotSpot Parking do?
HotSpot Parking is engaged in delivering comprehensive parking management solutions across North America. Services are provided to municipalities, airports, educational institutions, healthcare facilities, and private operators. Digital permits, real-time parking maps, enforcement tools, and mobile app solutions are offered to streamline parking processes. The transit solution is designed to boost fare compliance and ease congestion. Operations span various sectors, focusing on cost-effective, infrastructure-free technologies to enhance user experience and compliance.
Who are the top competitors of HotSpot Parking?
HotSpot Parking's top competitors include HonkMobile, SpaceiShare and Rover Parking.
What products or services does HotSpot Parking offer?
HotSpot Parking offers Digital Permits, Fast Tap Signs, Real-time Parking Map, Enforcement, and 2 more products and services.
Who are HotSpot Parking's investors?
HotSpot Parking has 1 investor. Key investors include IBI Group.
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