About The Parking Spot
The Parking Spot is a company based in Chicago (United States) founded in 1998 was acquired by KKR in October 2024.. The Parking Spot has completed 1 acquisition, including Park 'N Fly. The Parking Spot offers products and services including Parking App, Shuttle Service, and Spot Club. The Parking Spot operates in a competitive market with competitors including Way, SpotHero, QP QuickPay Parking, ParkJockey and Best Parking, among others.
- Headquarter Chicago, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$750 M (USD), Debt – Conventional
Feb 05, 2024
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Investors
KKR
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of The Parking Spot
The Parking Spot offers a comprehensive portfolio of products and services, including Parking App, Shuttle Service, and Spot Club. 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.
App for reserving and managing off-site airport parking spots.
Shuttle for quick terminal transfers from parking lots.
Membership for discounts and free parking at airports.
Funding Insights of The Parking Spot
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $750.0M
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First Round
First Round
(05 Feb 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Debt – Conventional - The Parking Spot | 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 The Parking Spot
The Parking Spot has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include KKR, The Carlyle Group and Green Courte Partners. 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 investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Real estate investment services are offered by Green Courte Partners.
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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 The Parking Spot
The Parking Spot has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Park 'N Fly. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Airport parking spaces are scouted and booked via mobile app.
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1967 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - The Parking Spot
| 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 |
The Parking Spot Comparisons
Competitors of The Parking Spot
The Parking Spot 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, SpotHero, QP QuickPay Parking, ParkJockey and Best 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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
App-based platform to find car parking, auto insurance & car wash services
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| domain | founded_year | HQ Location |
Parking reservations are enabled by an app-based platform.
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| domain | founded_year | HQ Location |
Provides integrated mobile technology for parking services and solutions.
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| domain | founded_year | HQ Location |
Parking booking app
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| domain | founded_year | HQ Location |
Parking Search Engine
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| 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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Latest news on The Parking Spot
Frequently Asked Questions about The Parking Spot
When was The Parking Spot founded?
The Parking Spot was founded in 1998 and raised its 1st funding round 26 years after it was founded.
Where is The Parking Spot located?
The Parking Spot is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
What does The Parking Spot do?
Founded in 1998 in Chicago, United States, The Parking Spot operates within the airport parking sector. Reservations for parking spots at airports are handled through an online platform. Access to entry and exit barriers is enabled by membership cards. Complementary services include airport shuttles and valet parking, with options extended to corporate clients across multiple locations.
Who are the top competitors of The Parking Spot?
What products or services does The Parking Spot offer?
The Parking Spot offers Parking App, Shuttle Service, and Spot Club.
How many acquisitions has The Parking Spot made?
The Parking Spot has made 1 acquisition, including Park 'N Fly.
Who are The Parking Spot's investors?
The Parking Spot has 3 investors. Key investors include KKR, The Carlyle Group, and Green Courte Partners.
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