Thursday, June 12, 2014

On Demand Parking App Raises $4.5 Mil. in Series A Fundraising

On its face this makes a bit more sense than yesterday's on-demand cleaning service.
From the Chicago Tribune:
SpotHero, the Chicago company whose app pairs parking companies with drivers looking to find and reserve parking spaces, announced new board members Wednesday morning and that it had received an additional $4.5 million in a recent fundraising round.

The Series A investment brings the former TechStars and 1871 tenant's fundraising to $7 million since 2012 and represents a vote of confidence in the company from the Chicago entrepreneurial ecosystem, which doubled down on earlier investments.

Meanwhile, the new board members are notables in the startup world: LinkedIn Senior Vice President Mike Gamson, Match.com CEO Sam Yagan and veteran venture capitalist Sam Guren....MORE
I'm beginning to detect a decidedly-not-innovative theme.
On the bright side perhaps a couple decades from now the founders will be able to lend still-Prince Charles their yacht as aging English car-park king Donald Gosling does now.

The Leander G