# Parkour Technologies Limited Liability Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/parkour-technologies-limited-liability-company

- Industry: Software
- Headquarters: Budapest, Hungary
- Website: www.rollet.hu
- Total disclosed funding: $1.6M
- Latest round: Seed (Feb 1, 2019)
- Investors on record: 2

## About

Parkour Technologies is a provider of advanced parking solutions that streamline payment processes through a mobile application, enhancing user convenience and efficiency in urban parking environments.Founded in 2017 and headquartered in Budapest, Hungary, Parkour Technologies specializes in automated parking solutions. The company gained traction with its mobile application that utilizes automatic license plate recognition technology. In February 2019, the company raised EUR 1 million in Seed funding led by Solus Capital, with participation from Hiventures. The firm has successfully completed 3 deals to date, with its most recent being in early 2019, establishing a strong foundation in the fintech landscape.Rollet offers an innovative parking and payment solution that enables users to pay for parking seamlessly through their vehicles, utilizing automatic license plate recognition technology. The mobile application simplifies entry and exit from parking facilities, processing payments automatically via pre-registered bank cards. This system caters to both individual consumers and businesses, targeting high-traffic areas such as shopping malls and airports. Its service adoption accelerated in 2020 in response to increased demand for contactless payment options during the COVID-19 pandemic.In the most recent fiscal year, 2023, Parkour Technologies reported revenue of EUR 389,785.50 and an EBITDA of EUR 12,510.70. The revenue model is based on automated parking services and transaction fees associated with their app, with fees applied for each parking session, which also supports partnerships with commercial parking operators.Parkour Technologies plans to enhance its service offerings with upcoming product developments aimed at expanding functionalities within the mobile application. Furthermore, the company is targeting growth in additional European markets, though specific regions have not been disclosed. The recent Seed funding of EUR 1 million will be strategically utilized to support these expansion efforts and enhance product development initiatives.

## Funding rounds

- Seed, Feb 1, 2019, $1.1M — Hiventures, Solus Capital
- Seed, Jun 27, 2018, $0.2M — Hiventures
- Seed, Oct 2, 2017, $0.2M — Hiventures

## Investors

- Hiventures (https://capitalatlas.ai/funds/hiventures) — Seed
- Solus Capital (https://capitalatlas.ai/funds/solus-capital) — Seed