SpotHero Company Research Report
Company Overview
Name: SpotHero
Mission: SpotHero empowers people to easily get where they’re going so they can focus on the moments that matter most. The company alleviates the challenges associated with finding and reserving parking by seamlessly connecting drivers with convenient and cost-effective off-street parking.
Founded: 2011
Founders: Mark Lawrence and Larry Kiss
Key People:
- Mark Lawrence - Co-Founder, Chief Executive Officer
- Larry Kiss - Co-Founder, Chief Architect Officer
- Tom Janofsky - Chief Technology Officer
- Matt DiBari - Chief Product Officer
- Beth Hayden - Chief People Officer
- Kavita Suthar - Chief Financial Officer
- Kevin Sherlock - General Counsel & Corporate Secretary
- Chris Stevens - Chief Marketing & Commercial Officer
- Matt Sullivan - Chief Revenue Officer
- Paolo Lorenzoni - Chief Business Officer
- John Horton - SVP of Sales - North America
- Nate Phillips - SVP - Market Development, recently promoted to Chief Revenue Operations
Headquarters: Chicago, Illinois
Number of Employees: No information is available
Revenue: No information is available
Known For: SpotHero is the leading parking reservation marketplace in North America, known for its #1 downloaded parking reservation app which helps drivers find affordable and convenient parking.
Products
Parking Reservation Service
Description: SpotHero offers a parking reservation service that enables users to search for and compare prices at thousands of parking facilities across North America. Users can book parking spots, pay securely, and receive prepaid parking passes instantly via email or the app.
Key Features:
- Event Parking: Reserve parking spots for events to ensure availability at venues such as Madison Square Garden, Oracle Park Stadium, and others.
- Airport Parking: Search for and reserve parking spots near airports, with options for long-term parking and valet services.
- Monthly Parking: Find secure monthly parking facilities in major cities for convenience near home or office.
- Apple CarPlay Integration: Use SpotHero through the Apple CarPlay dashboard to find and book parking.
- SpotHero for Business: Designed to facilitate easy parking management for employees.
Recent Developments
- Partnerships: SpotHero has partnered with Jawnt to improve the sustainability of car commutes as of January 2025.
- Corporate Developments: Nate Phillips was promoted to Chief Revenue Operations in December 2024.
- Technological Advancements: SpotHero integrates AI and machine learning through SpotHero IQ to enhance data-driven decision-making and dynamic pricing strategies.
Additional Information
Cars Parked: Over 75 million cars have been parked using SpotHero services.
Operational Scope: SpotHero operates in more than 330 cities across the U.S. and Canada, with more than 9,000 parking locations integrated into its marketplace.
Revenue Milestone: Achieved over $1 billion in parking reservations sold.
Recognition: Lauded as a convenient and leading app for parking reservations, with a 4.8-star rating in the App Store.
This information provides a comprehensive overview of SpotHero, highlighting its foundation, mission, product offerings, key leaders, and significant recent developments.
