Cleverciti Systems
Latest round
- Series A
Last raised
- Oct 2020
Total raised
- $21M
Investors
- 4
About Cleverciti Systems
Founded in 2012 and headquartered in Munich, Germany, Cleverciti Systems GmbH focuses on developing solutions for smart parking management.SPDG, EnBW New Ventures, KfW Banking Group, and The Westly Group. Financial terms of the transaction were not disclosed. Thomas Hohenacker and Konrad Prinz-Dreher founded the firm. David Parker is leading the firm as CEO as of 2025. Cleverciti offers comprehensive smart parking solutions designed to address parking management, congestion, and compliance challenges through the use of integrated technology. The company’s core product suite includes the Cleverciti Sensor, CleverPortal, Cleverciti Circ, Cleverciti Sign, and the Cleverciti App, all of which leverage real-time occupancy and payment data to optimize the parking experience. These solutions provide turn-by-turn navigation to available parking spaces, support payment processing, and facilitate data analytics for various stakeholders, including city planners, parking operators, and retail businesses.Cleverciti operates a revenue model primarily based on subscription services and partnerships with municipalities and private sector stakeholders. The company generates revenue through the sale and installation of its smart parking systems, which may include ongoing service agreements for data management and maintenance. Transactions typically involve contracts where clients pay for the implementation of their smart parking solutions, as well as recurring fees for software and service support. Specific pricing structures for individual products or services are established based on client needs and the scope of the project, ensuring tailored solutions that meet diverse requirements across its client base. With a focus on enhancing parking management capabilities, Cleverciti aims to maximize the return on parking assets for its partners, fostering long-term relationships through effective service delivery. The acquisition enables ParkHelp Technologies to combine its parking guidance technology with Cleverciti’s curb management solutions, creating an integrated platform for real-time parking and traffic optimization.
Who invested in Cleverciti Systems
4 investors across 2 rounds
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Questions about Cleverciti Systems
Who invested in Cleverciti Systems?
Cleverciti Systems has 4 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Cleverciti Systems raised?
Cleverciti Systems has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Cleverciti Systems last raise money?
Cleverciti Systems's most recent round on record is a Series A, in Oct 2020.
What does Cleverciti Systems do?
Founded in 2012 and headquartered in Munich, Germany, Cleverciti Systems GmbH focuses on developing solutions for smart parking management.
Where is Cleverciti Systems headquartered?
Cleverciti Systems is headquartered in Munich, Germany.
Which VCs invest in companies like Cleverciti Systems?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at Cleverciti Systems's stage. Their profiles are linked below.
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