# ParkAround

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

- Industry: Software
- Headquarters: Athens, Greece
- Website: www.parkaround.com
- Total disclosed funding: $0.7M
- Latest round: Seed (Mar 16, 2016)
- Investors on record: 2

## About

ParkAround is a parking reservation platform that simplifies the parking process for users by allowing them to book spots online in advance, thereby alleviating common issues associated with urban parking.ParkAround operates as a parking reservation service based in Athens, Greece, providing solutions for users to secure parking in advance. The company was founded by Kostas Arkadas and is currently led by CEO John Katsiotis. It has attracted a total investment of EUR 0.11 million from PJ Tech Catalyst Fund during its Seed funding round in March 2016, marking a total raise of EUR 0.11 million. Over its operational history, the company has completed 6 deals.ParkAround specializes in providing a comprehensive parking reservation platform designed to enhance the parking experience for users. Their primary offerings include an online booking system that allows customers to reserve parking spots in advance, significantly reducing the hassle associated with finding parking, particularly in busy urban areas. This service is tailored for both individual drivers and businesses seeking efficient parking solutions, and it emphasizes convenience through features such as instant reservations and the ability to secure a spot while en route to a destination. The platform serves a diverse client base across various geographical markets, including major cities such as Athens and Thessaloniki, along with other locations in Greece. The company aims to address the prevalent issue of parking scarcity by providing easily accessible parking solutions through user-friendly digital interfaces.In the most recent financial year, 2018, ParkAround generated revenue of EUR 572,483.60 and recorded an EBITDA of EUR 126,759.40. Revenue is generated primarily through its parking reservation services, facilitating transactions between drivers and parking space providers. The platform employs a direct-to-consumer business model, offering various pricing plans based on location, duration of parking, and special offers to encourage user loyalty.ParkAround plans to utilize its recent Seed funding of EUR 0.11 million raised in March 2016 to enhance its service offerings and expand its market presence. Future initiatives include the development of new features for their reservation platform, although specific product launch dates have not been disclosed. The company is also targeting expansion into additional cities in Greece and possibly new markets in Europe within the next few years.

## Funding rounds

- Seed, Mar 16, 2016, $0.1M — PJ Tech Catalyst
- Seed, Jan 10, 2015, $0.3M — PJ Tech Catalyst
- Seed, Oct 7, 2013, $0.3M — PJ Tech Catalyst
- Seed, Mar 14, 2013, $0M — Rockstart Enterprises

## Investors

- Rockstart Enterprises (https://capitalatlas.ai/funds/rockstart-enterprises) — Seed
- PJ Tech Catalyst (https://capitalatlas.ai/funds/pj-tech-catalyst) — Seed