SpotHero Raises $2.5 M of Seed Funding

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Seed: $2,500,000

Founded: 2009
Industry: Mobile

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Chicago, Illinois – SpotHero, a platform that allows parking lots and garages to drive extra customers to their existing locations has raised $2.5 million of seed funding from various VC firms. The funding was led by Battery Ventures and backed by 500 Startups, e.Ventures, OCA Venture Partners, New World Ventures, Lightbank and Draper Associates and also by David Cohen’s VC wing The Bullet Time Ventures.

The new funding will be used to expand its services in other states and also to hire new developers to enhance its services. The company was profitable in the 2nd quarter of 2012.


Funding Total: $2,500,000

Round Date Amount Pre Amount Post Amount
Seed 02/2012 $2,500,000
Investors: Battery Ventures, 500 Startups, Bullet Time Ventures,, OCA Venture Partners, New World Ventures, Lightbank, Draper Associates

See all fundings here


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