December 12, 2014
Chicago-based startup SpotHero announced this week that San Francisco drivers are now able to use their on-demand parking app when looking for a parking spot in town. SpotHero helps drivers find parking anywhere in the city, and whether it’s self-park or valet, drivers can reserve a spot in advance using the app. On top of that, they can get discounted rates that can be up to $50 off of the drive-up price.
“We saw a strong demand for SpotHero to reduce the pain of commuting [in San Francisco],” said Mark Lawrence, co-founder and CEO of SpotHero. “SpotHero offers drivers a sense of control over their parking experience by allowing them to quickly find a spot near their destination, see how much it costs, reserve and pay for it using their phone or the web. No more stress, no more circling the block and no more parking tickets.”
SpotHero raised %4.5M earlier this year, from notable investors including: Bullpen Capital, Battery Ventures, e.ventures, Chicago Ventures, Techstars and 500Startups, bringing their total amount of investments to $7 million, more than any other parking service. The company has been available for four years in other cities across the country, including Chicago, NYC, DC, and Boston.
SpotHero is launching with 50+ parking facilities throughout San Francisco, including the Financial District, Chinatown, the Tenderloin, Nob Hill, Mid-Market, Civic Center and SOMA, with plans to offer over 100 locations within three months of launch. As in other cities, as more locations are added rates will continue to improve. SpotHero available through iTunes or Google Play.
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