North America’s digital parking leader SpotHero has today announced the acquisition of Canadian consumer parking app Rover Parking. The deal, which is expected to close in Q4 of 2020, will help SpotHero gain access to thousands of parking locations across Canada.
Rover Parking, which was founded in Toronto by CEO Tim Wootton, Andrew Holbrook, and Grant Brigden in 2014, has since grown into servicing B2B and commercial facilities across several cities including Toronto, Calgary, and Montreal.
Once the acquisition has been completed, Tim Wootton will become Head of Canada and the Toronto-based team will run SpotHero’s commercial supply business across the country.
“We’re excited to welcome Rover’s team, parking partners and customers,” said SpotHero Founder & CEO Mark Lawrence. “This acquisition will expand our team and parking inventory in Canada at a time when more people are choosing a personal car as their preferred mode of transportation.”
“Rover Parking is thrilled to continue our journey as members of the SpotHero team,” said Rover Parking Founder and CEO Tim Wootton.
Today’s announcement follows SpotHero’s $50 million Series D fundraising round completed in August last year.