For all you parking “tributes” out there, SpotHero’s $4.5M Series A round will forever put the odds in your favor. This On-Demand parking reservation company has the potential to revolutionize the antiquated parking garage business and as frequent drivers ourselves, we love the idea!
Funding to Date: $7.5M ($3M Seed, $4.5M Angel)
Deal Notables: SpotHero came out of Chicago’s Excelerate Labs/TechStars accelerator program and pivoted from a simple parking for Cubs games solution to the form they are today. We love reading stories about successful accelerator graduates that originally started with a concept and then pivoted to find better product-market fit. Somewhere Eric Ries is smiling…