Parkade

Automates parking management for apartments

San Francisco, California, United States

About Parkade

Parkade automates parking management for apartment buildings with a software solution that handles reservations, payments, access control, and enforcement. It integrates with Property Management Systems (PMS) to streamline operations, saving property management teams an average of 10 hours per week. Unlike traditional methods, Parkade's platform reduces manual processes and enhances tenant experiences through features like mobile enforcement and 24/7 support. The goal is to improve operational efficiency and increase revenue for property managers.

San Francisco, CaliforniaHeadquarters
2018Year Founded
$6.5MTotal Funding
EARLY_VCCompany Stage
Enterprise Software, Real EstateIndustries
11-50Employees

Benefits

Competitive salary
Equity
Healthcare benefits
Flexible vacation
Advocacy time

Risks

Increased competition may erode Parkade's market share.
Stricter data privacy regulations could impact Parkade's operations.
Economic downturns may reduce demand for premium parking solutions.

Differentiation

Parkade automates parking management, reducing manual tasks for property managers.
The platform integrates with Property Management Systems for seamless parking enforcement.
Parkade offers mobile enforcement and 24/7 support, enhancing tenant experience.

Upsides

Demand for contactless solutions boosts Parkade's digital platform adoption.
Smart city initiatives align with Parkade's IoT-focused technology.
Growing urban trend of reduced vehicle ownership increases demand for flexible parking.

Funding

Total raised$6.48 M
Latest valuation$33.30 M
StageEARLY_VC
EARLY VC
5/31/2022
$7
$33.30 M