About SpotHero
SpotHero is a company based in Chicago (United States) founded in 2011 by Lawrence Kiss and Mark Lawrence was acquired by Uber in February 2026. SpotHero has raised $118.33 million across 8 funding rounds from investors including Uber, Macquarie Group and Union Grove Venture Partners. SpotHero has completed 3 acquisitions, including ParkPlease, Parking Panda and Rover Parking. SpotHero operates in a competitive market with competitors including Way, The Parking Spot, Parkade, Park 'N Fly and QP QuickPay Parking, among others.
- Headquarter Chicago, United States
- Founders Lawrence Kiss, Mark Lawrence
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Sectors
Transportation, Automotive & Logistics
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$118.33 M (USD)
in 8 rounds
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Latest Funding Round
$50 M (USD), Series D
Aug 22, 2019
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Investors
Uber
& 24 more
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Employee Count
Not available
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Investments & Acquisitions
ParkPlease
& 2 more
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Acquired by
Uber
(Feb 25, 2026)
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People of SpotHero
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Software Development Team
33 people
Product Management Team
24 people
Senior Team
12 people
Sales and Marketing
6 people
Staff Team
5 people
Finance and Accounting
5 people
Human Resources and Administration
5 people
Data Analysis and Operations Team
4 people
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Funding Insights of SpotHero
SpotHero has successfully raised a total of $118.33M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $50 million completed in August 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in SpotHero
SpotHero has secured backing from 25 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Uber, Macquarie Group and Union Grove Venture Partners.
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Investments in growth-stage US tech companies are targeted.
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Investment firm scaling software and technology companies from early to late stages.
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Venture capital firm focused on early-stage startups
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Investor details for SpotHero
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Investments & Acquisitions by SpotHero
SpotHero has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include ParkPlease, Parking Panda and Rover Parking.
Investment portfolio details for SpotHero
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Online platform to list, find, and book parking spots
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P2P Parking Marketplace
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Parking spaces are reserved via an online marketplace platform.
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Locked | Locked | 2011 | Locked |
Complete acquisition details for SpotHero
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- Transaction dates
- Acquired stakes
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- Domains and locations
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Financial Statements - SpotHero
Detailed financials for SpotHero
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Spothero Comparisons
Peer comparison for SpotHero
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- Named peers
- Headcount comparison
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Competitors of SpotHero
SpotHero 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 Way, The Parking Spot, Parkade, Park 'N Fly and QP QuickPay Parking, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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App-based platform to find car parking, auto insurance & car wash services
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Airport parking is provided via online bookings and shuttle services.
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Peer-to-peer parking spaces are booked via a mobile app.
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Airport parking spaces are scouted and booked via mobile app.
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Provides integrated mobile technology for parking services and solutions.
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Detailed competitors of SpotHero
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Spothero
Complete news archive for SpotHero
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- Full article archive
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Frequently Asked Questions about SpotHero
SpotHero was founded in 2011 and raised its 1st funding round 1 year after it was founded.
SpotHero is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Mark Lawrence is the current CEO of SpotHero. They have also founded this company.
SpotHero is a funded company, having raised a total of $118.33M across 8 funding rounds to date.
SpotHero was founded in 2011 in Chicago, United States. Operations focus on an app-based platform for parking reservations in the mobility sector. Bookings are handled via online and mobile applications on Android and iOS devices. Facilities for parking reservations are extended to businesses as well as individual customers. The service supports reservations across various urban locations.
SpotHero's top competitors include Way, The Parking Spot and Parkade.
SpotHero has made 3 acquisitions, including ParkPlease, Parking Panda, and Rover Parking.
SpotHero has 25 investors. Key investors include Uber, Macquarie Group, Union Grove Venture Partners, Insight Partners, and Global Founders Capital.