The ten companies participating in Chicago-based tech accelerator Excelerate Labs get to make their formal pitches to investors next Wednesday. That hasn’t stopped 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 when Mr. McClure visited Excelerate last month, and finalized the deal shortly thereafter…

Read more: http://www.chicagobusiness.com/article/20120823/BLOGS06/120829883/spothero-already-parked-at-excelerate-snares-500-startups-investment#ixzz25GW9QFFS