CHICAGO--(BUSINESS WIRE)--Today on-demand parking marketplace SpotHero announced plans to rapidly expand its presence in New York City, just two months after raising $20 million in a Series B led by New York-based Insight Venture Partners. The company has hired John Horton from Zipcar as NYC General Manager to accelerate its growth in the country’s biggest parking market.
In the past year, SpotHero grew its New York parking marketplace from 183 to 645 parking facilities. Over 50% of SpotHero’s daily parking spots in New York are now reserved via mobile app, up from 25% last year, and sales of monthly parking spots are up 6x year-over-year. The company expects New York to be its biggest market by the end of 2016.
“We’re excited to accelerate our growth in New York,” said Mark Lawrence, CEO of SpotHero. “Given John’s background at Zipcar, we know he is the perfect person to help us continue to build upon our strong relationships with parking operators.”
As NYC General Manager, John Horton will oversee sales, operations and local marketing. Horton was previously the NYC General Manager at Zipcar where he expanded Zipcar’s parking network to over 500 parking facilities in the New York metro area. In his role at Zipcar, Horton also spent time at Zipcar headquarters in Boston, where he handled national partnerships and helped launch the Zipcar OneWay program. Horton’s resume also includes sales roles at Coca-Cola and General Motors. He will hire up to 10 employees, who will be based out of WeWork.
“SpotHero is the clear leader in this space,” said John Horton, NYC General Manager at SpotHero. “I look forward to building upon this year’s momentum, partnering with parking operators and making parking easier for drivers in New York.”
Horton is the latest addition to SpotHero’s growing team. Earlier this month, SpotHero announced the hires of two top executives: Kristen Cho as Digital Marketing Director and Elissa Beckman as Head of Talent and Recruiting. Earlier this year, SpotHero hired Jason Pinter as VP of Finance and Tim Maloney as VP of Sales.
About SpotHero
SpotHero is an on-demand parking marketplace that enables drivers to reserve parking spots with convenient garages, lots and valets. The company makes life easier for drivers across the country, including in cities like Chicago, San Francisco, New York, Washington D.C., and Boston. Founded in 2011, SpotHero is led by Mark Lawrence and Larry Kiss, and has raised $27 million in VC funding. In August 2015, the company raised $20 million in Series B led by Insight Venture Partners. SpotHero previously raised $4.5 million in Series A in June 2014 and $2.5 million in seed capital in December 2012. Learn more at SpotHero.com and find us in the Apple iTunes Store or Google Play.
