ParkMobile

Mobile app for finding and reserving parking

United States

About ParkMobile

ParkMobile simplifies the parking experience for users through its mobile app, which allows them to find, reserve, and pay for parking spots in advance. The app operates in over 3,000 locations across major North American cities, making it easy for users to locate parking, set their duration, select their vehicle, and complete payments all in one place. Unlike traditional parking methods, ParkMobile's app streamlines the process, saving time and reducing hassle for drivers. The company serves a wide range of clients, including municipalities, event venues, and private parking operators, showcasing the versatility of its solutions. ParkMobile's goal is to enhance urban mobility and improve transportation infrastructure in cities, making parking more efficient for both users and providers.

None, NoneHeadquarters
2008Year Founded
$6.1MTotal Funding
EARLY_VCCompany Stage
Automotive & Transportation, Consumer SoftwareIndustries
51-200Employees

Risks

Increased competition could erode ParkMobile's market share.
Legal repercussions from the 2021 data breach could strain resources.
Technological advancements in autonomous vehicles could disrupt traditional parking services.

Differentiation

ParkMobile operates in over 3,000 locations, including major cities like New York.
The app allows users to find, reserve, and pay for parking spots in advance.
ParkMobile serves diverse clients, including municipalities, event venues, and private operators.

Upsides

Increased adoption of contactless payment solutions drives demand for ParkMobile's app.
Integration with smart city infrastructure enhances ParkMobile's service offerings.
Partnerships with universities and event venues streamline parking operations.

Funding

Total raised$6.13 M
Latest valuation$31.50 M
StageEARLY_VC
$6
$31.50 M