The task of locating a parking spot in a major city can be agonizing and at points seem downright impossible.
SpotHero is aiming to simplify the process and help drivers locate parking and reserve spots around the city through the company’s web and mobile apps.
SpotHero announced Wednesday that it had raised $20 million in Series B funding led by Insight Venture Partners. Also participating in the round were Battery Ventures, Bullpen Capital, Chicago Ventures, Draper Associates, OCA Ventures, Pritzker Group Venture Capital and 500 Startups.
The company had already raised more than $7 million since its founding in 2011.
I chatted with SpotHero CEO and co-founder Mark Lawrence, who said that the funding would be going towards accelerating marketing efforts, exploring strategic relationships and hiring 25 new employees as the company looks to expand more in the western United States. how to value domain name website uptime . domain check amazon cloud .