According to published reports, parking garage reservation startup SpotHero has raised $2.5 Million in funding led by Battery Ventures with 500 Startups, David Cohen's Bullet Time, e.Ventures, OCA Ventures, New World Ventures, Lightbank, & Draper VC also participating.

SpotHero, which graduated from Chicago accelerator, Excelerate Labs, is a mobile app and website that allows drivers to reserve their perfect parking spot on the go.