LocoMobi
Latest round
- Seed
Last raised
- Aug 2012
Total raised
- $3.5M
Investors
- 4
About LocoMobi
LocoMobi, Inc.LocoMobi, Inc. was founded in 2010 in Toronto, Canada, and focuses on providing smart parking solutions.LocoMobi World specializes in providing advanced Smart City solutions powered by NVIDIA technology, focusing on innovative enterprise hardware and cloud-based software designed for vehicle management and parking optimization. Their core offerings include comprehensive commercial parking management solutions, automated condo parking systems, and municipal parking management tools that cater to municipalities of all sizes. These products are designed to enhance operational efficiency, improve user experiences, and facilitate seamless vehicle tracking and traffic management by leveraging artificial intelligence and real-time data analytics.LocoMobi World generates revenue through a combination of subscription models, partnerships, and direct transactions with clients in the B2B sector. Their revenue structure typically entails long-term contracts with municipalities and private entities for the implementation and ongoing management of their smart parking solutions. Customers may engage with LocoMobi through subscription-based access to their cloud-based software, which is integral for data analytics and reporting features, as well as through one-time fees for hardware installations. The company’s flagship products, including its automated condo parking systems and municipal parking management solutions, are priced to reflect their innovative capabilities and the value they deliver, although specific pricing details are not publicly detailed.As of February 2017, LocoMobi, Inc.1 mn to further develop its innovative smart parking solutions. The company aims to expand its presence into new markets across North America, particularly targeting urban centers that are investing in smart city initiatives. Upcoming product launches are focused on enhancing the functionality of their cloud-based software, although specific release dates have not been disclosed.
Who invested in LocoMobi
4 investors across 1 round
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Funding rounds
Seed
Aug 2, 2012
Amount
$3.5M
Investors
Questions about LocoMobi
Who invested in LocoMobi?
LocoMobi has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has LocoMobi raised?
LocoMobi has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did LocoMobi last raise money?
LocoMobi's most recent round on record is a Seed, in Aug 2012.
What does LocoMobi do?
LocoMobi is a software company.
Where is LocoMobi headquartered?
LocoMobi is headquartered in Toronto, Canada.
Which VCs invest in companies like LocoMobi?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at LocoMobi's stage. Their profiles are linked below.
VCs backing software startups at Seed
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