# Parklet

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.parklet.co
- Total disclosed funding: $1.5M
- Latest round: Seed (Feb 9, 2015)
- Investors on record: 5

## About

Parklet is an innovative company focused on enhancing urban spaces through modular, environmentally friendly structures that create vibrant community areas. Its aim is to improve public accessibility and social interaction in urban environments.Established in 2012, Parklet is headquartered in San Francisco, US. The company specializes in transforming underutilized urban spaces into engaging community areas through modular structures. In November 2015, Parklet was acquired by Greenhouse Software, Inc. for an undisclosed sum. The company has raised a total of USD 1.50 mn, primarily through its SEED funding round, which was completed with contributions from FundersClub, Greylock Partners, Storm Ventures, Western Technology Investment, and Winklevoss Capital.Parklet focuses on providing modular designs that enhance urban areas, creating inviting spaces for social interaction and community engagement. The company's solutions cater to local governments and organizations looking to improve public spaces, aiming to foster a sense of community and accessibility in densely populated areas.Parklet generates revenue through partnerships with municipalities and organizations that seek to enhance public spaces. Its business model allows for direct collaboration on projects, promoting community-building initiatives while supporting its operational costs. Specific pricing plans for products and services are not disclosed, emphasizing its focus on custom solutions tailored to client needs.Looking ahead, Parklet intends to expand its product offerings by developing new modular designs aimed at different urban environments, with launches expected in 2024. The company is targeting expansion into additional markets across North America and parts of Europe by the end of 2025. Recent funding will support these initiatives, enabling the company to enhance its design and operational capabilities, furthering its mission to revitalize urban spaces.

## Funding rounds

- Seed, Feb 9, 2015, $1.5M — Storm Ventures, Western Technology Investment, Greylock Partners, FundersClub, Winklevoss Capital

## Investors

- Storm Ventures (https://capitalatlas.ai/funds/storm-ventures) — Seed
- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Seed
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Seed
- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- Winklevoss Capital (https://capitalatlas.ai/funds/winklevoss-capital) — Seed