About SP Plus
SP Plus is a company based in Chicago (United States) founded in 1929 was acquired by Metropolis in October 2023.. The company has 38 employees as of April 07, 2024. SP Plus has completed 3 acquisitions, including Bags, KMP Associates and KMP Digitata. SP Plus offers products and services including Potatoes and Grain Marketing.
- Headquarter Chicago, United States
- Employees 38 as on 07 Apr, 2024
- Stage Public
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sp Plus Technology Labs Private Limited
- Date of Incorporation 10 Nov, 2022
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$392.31 K (USD)0as on Mar 31, 2023
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Net Profit
$39.89 K (USD)0as on Mar 31, 2023
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EBITDA
$57 K (USD)0as on Mar 31, 2023
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Latest Funding Round
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Investors
Metropolis
& 1 more
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Employee Count
38
as on Apr 07, 2024
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Investments & Acquisitions
Bags
& 2 more
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Acquired by
Metropolis
(Oct 05, 2023)
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Products & Services of SP Plus
SP Plus offers a comprehensive portfolio of products and services, including Potatoes and Grain Marketing. 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.
Potatoes are farmed and sold for food and industrial uses
Grains are promoted and distributed from farms
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Leadership Team
40 people
Operations Team
34 people
Software Development Team
31 people
Sales and Marketing
17 people
Product Management Team
14 people
Finance and Accounting
10 people
Senior Team
8 people
Human Resources and Administration
7 people
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Funding Insights of SP Plus
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2007 | Amount | Private Equity Round - SP Plus | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in SP Plus
SP Plus has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Metropolis and Kohlberg & Company. 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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Private equity investment firm focused on buyouts
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Founded Year | Domain | Location | |
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End-to-end parking management solutions are provided via an AI-enabled platform.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SP Plus
SP Plus has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Bags, KMP Associates and KMP Digitata. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Diversified management consulting services are provided to various clients.
|
2009 | ||||
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Digital experiences and airport-specific software solutions are developed.
|
1991 | ||||
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Travel services are operated from Orlando since 1990.
|
1990 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - SP Plus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Sp Plus Comparisons
Competitors of SP Plus
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
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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Frequently Asked Questions about SP Plus
When was SP Plus founded?
SP Plus was founded in 1929 and raised its 1st funding round 78 years after it was founded.
Where is SP Plus located?
SP Plus is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
How many employees does SP Plus have?
As of Apr 07, 2024, the latest employee count at SP Plus is 38.
What is the annual revenue of SP Plus?
Annual revenue of SP Plus is $392.31K as on Mar 31, 2023.
What does SP Plus do?
SP Plus was founded in 1929 and is headquartered in Chicago, United States. Operations focus on the parking management sector, where services for parking lots and facilities are delivered across the US and Canada. Multiple parking lots are owned and operated directly. Shuttle services connecting these facilities to nearby airports are also managed, supporting transportation needs in urban and airport-adjacent areas.
What products or services does SP Plus offer?
SP Plus offers Potatoes and Grain Marketing.
How many acquisitions has SP Plus made?
SP Plus has made 3 acquisitions, including Bags, KMP Associates, and KMP Digitata.
Who are SP Plus's investors?
SP Plus has 2 investors. Key investors include Metropolis, and Kohlberg & Company.
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