Fenwick & West represented SpotHero, Inc., a Chicago-based parking app startup, in its $20M Series B financing. The round was led by Insight Venture Partners. Monkfish Equity also participated, along with Chicago Ventures, OCA Ventures, Pritzker Group Venture Capital, Bullpen Capital, Draper Associates, Battery Ventures and 500 Startups.
The new funds will be used on marketing to acquire customers and further expand on the West Coast. More information about SpotHero’s $20 million Series B financing can be obtained from the company press release.