Chicago’s SpotHero Raises 2.5mm to Bring Sanity to Urban Parking The influx of West Coast VC money to Chicago continued today with the announcement that SpotHero, a recent graduate of top incubator Excelerate Labs, has raised USD2.5 million from an array of investment firms across the country. The round was led by Battery Ventures (who maintain offices in Silicon Valley, Boston…read more
Food Genius entered the crowded market of dish recommendation apps last year, using big data to revolutionize the way people discover restaurants and dishes. At the time, the startup’s focus was on getting (scraping) as much menu-level data as possible, which they parsed by ingredients, preparation methods, spices and other aspects of a dish, and then combined with…read more
The 10 companies participating in Chicago tech accelerator Excelerate Labs got to make their formal pitches to investors last week. But that didn’t stop one of the participating companies, parking-reservations startup SpotHero, from securing an initial round of funding beforehand from Silicon Valley venture-capital firm 500 Startups. SpotHero met with 500 Startups founder Dave McClure…read more
Chicago’s Excelerate Labs held its annual demo day on Wednesday, trotting out the 10 fledgling companies that underwent its intensive accelerator program this summer. At the end of that program come $50,000 grants investments from Chicago’s New World Ventures as well as the chance to pitch their companies to 200 angel and early-stage venture capital investors from both…read more
