Parking startups ParkWhiz and SpotHero find their first rounds of funding in Chicago

Skift Take

Does parking really need to be disrupted? These companies are making strides by partnering with major event venues, and ParkWhiz is a step ahead of its competitor with venues around the U.S. already plugged into its system.

Monday we reported that Chicago parking startup SpotHero had raised $2.5 million in funding. That was big news for the ExcelerateLabs alumni that’s currently working out of 1871. Now, we’ve heard that another Chicago parking startup called ParkWhiz has raised $2 million dollars.

ParkWhiz’ funding round was led by Hyde Park Venture Partners.

ParkWhiz has been around a little longer than Chicago rival SpotHero. One of ParkWhiz’ major success stories is the partnerships they’ve formed with organizations that are key in the big event space. ParkWhiz is partnered with StubHub, Ticketsnow, several NFL and NCAA teams and other sports and entertainment venues.

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Parking startups ParkWhiz and SpotHero find their first rounds of funding in Chicago

Skift Take

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First read is on us.
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First read is on us.

Parking startups ParkWhiz and SpotHero find their first rounds of funding in Chicago

Skift Take

Up Next

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How Allegiant’s Florida Resort Became a Drain on Its Profits

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NYC Enforcement Boss on Short-Term Rental Law: 'It's Working' - Exclusive

First read is on us.Subscribe to read more essential travel industry news.

First read is on us.
Subscribe to read more essential travel industry news.