On Demand Parking Leader SpotHero Expands to Oakland and East Bay Responds to Demand From Commuters Wanting More Parking Coverage in Bay Area

December 15, 2015




December 15, 2015 –Today on-demand parking marketplace SpotHero announced its expansion from San Francisco into Oakland and the East Bay. SpotHero enables drivers to reserve parking at more than 35 parking facilities around Oakland with rates starting as low as $7 per day. The company will feature parking deals around Oakland International Airport, the Paramount Theater, the Fox Theater and near the headquarters of Oakland based businesses like Clorox, Glad, Ask.com and Dreyer’s. Drivers can also find parking deals in Walnut Creek, Berkeley and Lafayette.

Since expanding to San Francisco one year ago, SpotHero is growing sales 20 to 50 percent month-over-month. The company now offers parking at over 150 locations in the Bay Area. Through SpotHero’s marketplace, parking in San Francisco costs as low as $10 to $15 per day.

SpotHero partners with parking operators who give the company access to their unsold spots. Drivers can find, prepay and save on parking through SpotHero’s Android app, iOS app or website. Unlike other apps in the market, SpotHero drivers get discounts off the drive up rate, avoid waiting on valets to return a car and never experience surge pricing during busy hours.

“Drivers in the Bay Area love using SpotHero to find quick, easy and affordable parking because it allows them to stay in control of their day,” said Mark Lawrence, co-founder and CEO, SpotHero. “Thanks to an outpouring of requests from both drivers and parking operators, we’re expanding our service to the East Bay to offer drivers an easier way to park.”

SpotHero’s expansion follows $20 million in Series B funding led by Insight Venture Partners this past August. The company recently hired parking industry veteran Tim Maloney as Head of Sales. Maloney previously worked in the Bay Area as EVP of National Sales for Propark. Earlier this year, SpotHero acquired San Francisco based ParkPlease to expand its network of parking options. SpotHero is currently recruiting a General Manager for the Bay Area as well as hiring for over 25 other positions across the country.

About SpotHero

SpotHero is an on-demand parking marketplace that enables drivers to reserve parking spots with convenient garages, lots and valets. It currently offers easy and affordable parking at more than 2,000 locations in cities across the country including New York, Chicago, San Francisco, Washington D.C., Boston, New Orleans, Baltimore and Denver. Founded in 2011, SpotHero is led by Mark Lawrence and Larry Kiss, and has raised $27 million in VC funding. Learn more at SpotHero.com and find us in the Apple iTunes Store or Google Play.

Elisco Communications
Andrea de Vos, 1-646-306-4810