# FlashParking

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flashparking

- Industry: Software
- Headquarters: Austin, US
- Website: www.flashparking.com
- Total disclosed funding: $291M
- Latest round: Series C (Apr 8, 2022)
- Investors on record: 6

## About

FlashParking, Inc. is a US-based company specializing in parking management and electric vehicle (EV) charging solutions designed to enhance the user experience for drivers and optimize revenue for operators.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 has successfully raised a total of USD 40.00 mn through multiple funding rounds, with the latest being a Grant of USD 5.80 mn from the California Energy Commission, highlighting investor confidence in their business model.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 serves a diverse customer base that includes hotels, airports, municipalities, and educational institutions across various markets, including major urban areas in the United States and Canada.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. This underscores the value that FlashParking brings to its customers through its comprehensive suite of parking management solutions.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. Recent funding from the Grant of USD 5.80 mn will be allocated to support product development and market growth initiatives, positioning FlashParking to capitalize on emerging opportunities within the urban mobility landscape.

## Funding rounds

- Series C, Apr 8, 2022, $229M — L Catterton, Vista Equity Partners
- Series B, Jan 15, 2020, $60M — L Catterton
- Series A, Sep 19, 2012, $1.3M — Austin Ventures, G51, Trellis Partners, 186K Ventures

## Investors

- Austin Ventures (https://capitalatlas.ai/funds/austin-ventures) — Series A
- G51 (https://capitalatlas.ai/funds/g51) — Series A
- Trellis Partners (https://capitalatlas.ai/funds/trellis-partners) — Series A
- 186K Ventures — Series A
- L Catterton (https://capitalatlas.ai/funds/l-catterton) — Series B, Series C
- Vista Equity Partners (https://capitalatlas.ai/funds/vista-equity-partners) — Series C