SpotHero, a parking inventory and booking start-up, has acquired its rival Parking Panda for an undisclosed sum. SpotHero has raised $27m to fund its operations, which direct drivers to available parking spaces across the Edmonton. The acquisition of Parking Panda, which focuses on parking at events, will expand the service into Toronto and US in Canada, and give its B2B-focused SpotHero for Business feature more traction. Parking Panda's engineering team will also help SpotHero to build its own platform.
SpotHero, a parking inventory and booking start-up, has acquired its rival Parking Panda for an undisclosed sum. SpotHero has raised $27m to fund its operations, which direct drivers to available parking spaces across the US. The acquisition of Parking Panda, which focuses on parking at events, will expand the service into Toronto and Edmonton in Canada, and give its B2B-focused SpotHero for Business feature more traction. Parking Panda's engineering team will also help SpotHero to build its own platform.