FlashParking
Latest round
- Series C
Last raised
- Apr 2022
Total raised
- $291M
Investors
- 6
About FlashParking
FlashParking, Inc.Founded in 2011 in Austin, US, FlashParking, Inc. focuses on innovative parking solutions and has undergone various strategic adaptations to meet market demands. The company was established by Dean Cleaver, Eliseo Diaz, and Juan Rodriguez, who have significant experience in technology and operations. CEO Juan Rodriguez leads the company's vision.FlashParking specializes in innovative parking and electric vehicle (EV) charging solutions that enhance the driver experience and drive revenue for parking operators. The company's core product offerings include an integrated platform that streamlines the parking process from reservations to automated payments, thereby optimizing the end-to-end experience for users. Notably, Flash’s Demand Network and Business Intelligence capabilities create opportunities for growth within the parking sector, allowing real estate and urban mobility leaders to capitalize on increased efficiency and revenue. Their flagship product, Vision, is a specialized camera designed for accurate License Plate Recognition (LPR), which simplifies access and payment processes for drivers.FlashParking's revenue model is built on a combination of transaction-based and subscription-based structures. The company generates income through partnerships with parking operators and asset owners who utilize its technology to enhance their revenue performance. Typical transactions involve the deployment of software solutions and hardware installations, where clients pay for ongoing access to the platform's features such as reservation systems and EV charging options. By integrating these services, FlashParking enables clients to achieve higher yields from their parking assets. Additionally, the company has demonstrated its ability to deliver significant financial benefits, as evidenced by a case where a client experienced a 23% revenue increase and a 20% cost reduction following the implementation of Flash's technology.FlashParking plans to enhance its product lineup with upcoming innovations in parking management and EV charging solutions, aiming for a launch in the next 12 months. The company is also targeting expansion into new geographic regions, specifically aiming to penetrate additional major urban markets in the US and Canada by 2025.80 mn will be allocated to support product development and market growth initiatives, positioning FlashParking to capitalize on emerging opportunities within the urban mobility landscape.
Who invested in FlashParking
6 investors across 3 rounds
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Questions about FlashParking
Who invested in FlashParking?
FlashParking has 6 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has FlashParking raised?
FlashParking has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did FlashParking last raise money?
FlashParking's most recent round on record is a Series C, in Apr 2022.
What does FlashParking do?
FlashParking is a software company.
Where is FlashParking headquartered?
FlashParking is headquartered in Austin, US.
Which VCs invest in companies like FlashParking?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at FlashParking's stage. Their profiles are linked below.
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