# cTech SPRL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ctech-sprl

- Industry: Internet
- Headquarters: Brussels, Belgium
- Website: www.cparkapp.com
- Total disclosed funding: $0.7M
- Latest round: Seed (Aug 13, 2018)
- Investors on record: 1

## About

cTech SPRL is a technology company that enhances the parking and refueling experience through an innovative mobile application, connecting users with convenient parking and refueling options in urban environments.Founded in 2017 and headquartered in Brussels, Belgium, cTech SPRL develops a unique platform for parking and fuel services. The company raised EUR 0.75 million in Seed funding in October 2018 from undisclosed investors. Notably, they have completed one deal to date, aiming to expand their technological footprint in urban areas across Europe.cTech SPRL offers an interactive mobile application designed to improve the parking and refueling experience for users. The app allows drivers to locate available parking spots, gas stations, and electric charging points while managing parking sessions directly from their devices. Supported by a community of over 1,000,000 users, referred to as "Seetyzens," the app provides real-time updates on parking regulations and availability, focusing on major urban markets such as Brussels and planning further expansion into other cities.In the most recent year, the company reported an EBITDA of EUR 48,299.70. Their revenue model operates on a transaction-based structure, charging users based on actual parking duration and offering promotions at gas stations, which promotes engagement and loyalty. The app's pricing is competitive, with no subscription fees, enabling users to enjoy a cost-effective solution for parking and fueling needs.cTech SPRL plans to utilize the recent EUR 0.75 million raised in Seed funding to support the development of new features within their mobile application. The company aims to expand its services into additional European urban markets by 2025, enhancing their user experience and increasing market penetration. Additionally, the expansion strategy focuses on strengthening partnerships with gas stations and municipalities to facilitate smoother operations across new regions.

## Funding rounds

- Seed, Aug 13, 2018, $0.7M — Invest Mons-Borinage-Centre

## Investors

- Invest Mons-Borinage-Centre (https://capitalatlas.ai/funds/invest-mons-borinage-centre) — Seed