Chicago-based mobile apps and consumer company SpotHero has secured $50 million in Series D funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on August 22 and led by Macquarie Capital.
According to its Crunchbase profile, "SpotHero is the #1 consumer marketplace and mobility platform for off-street parking in North America. SpotHero is curbing the rise of urban congestion by changing the way millions of people park every day. Using SpotHero’s portfolio of mobile apps and websites, drivers find, book and access a parking facility near their destination, eliminating the need to circle the block in search of parking."
The eight-year-old company has raised nine previous funding rounds, including a $10 million Series C round in 2018.
The round brings total funding raised by Chicago companies in apps over the past 90 days to $85 million, an increase of $76 million from the previous three-month period. The local apps industry has produced 23 funding rounds over the past year, yielding a total of $178 million in venture funding.
In other local funding news, biotechnology and agriculture company Hazel Technologies announced a $13 million Series B funding round on August 12, led by Pangaea Ventures.
According to Crunchbase, "Hazel Technologies develops biotechnology for reducing waste in the agricultural supply chain. Their product development is funded in part by the United States Department of Agriculture (USDA) and their product performance has been validated by third party academic research institutions such as Cornell University. The company provides USDA-funded 1-MCP technology conditions the storage atmosphere to reduce respiration rate and increase resistance to ethylene."
Founded in 2015, the company has raised four previous rounds, including a $3.2 million Series A round in 2018.
Meanwhile, gaming company Level Ex raised grant funding, announced on August 7. The round was financed by Translational Research Institute for Space Health (TRISH).
From the company's Crunchbase profile, "Level Ex creates industry-leading mobile, AR, and VR games for physicians. The company uses state-of-the-art video game technology and cognitive neuroscience to capture the challenges of practicing medicine — revolutionizing the way physicians keep up-to-speed on rare and challenging cases, new medical devices and drug therapies to stay sharp in their specialties. The company’s medical video games — played by 400,000 healthcare professionals and leveraged by top 20 pharmaceutical and medical device companies and medical societies — offer CME credits and are available free for iPhone, iPad and Android devices."
Level Ex last raised $4 million in funding earlier this year.
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