# Parkpnp

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

- Industry: Internet
- Headquarters: Dublin, Ireland
- Website: www.parkpnp.com
- Total disclosed funding: $1.6M
- Latest round: Seed (Jan 23, 2019)
- Investors on record: 3

## About

Parkpnp Limited is a parking marketplace that simplifies the reservation of parking spaces, enhancing convenience for urban drivers while promoting efficient urban mobility solutions.Founded in 2015 in Dublin, Ireland, Parkpnp Limited provides a digital platform for parking reservations. The company has raised EUR 0.5 million in a Seed funding round as of January 23, 2019, from Business Venture Partners. The founders, Dan Ram, Garret ???, and Jackson H, have diverse industry backgrounds that support the company's innovative approach to parking solutions.Parkpnp offers a comprehensive parking marketplace platform designed to streamline the process of finding and booking parking spaces. The core service allows users to reserve parking in advance, addressing the common challenges of availability and pricing transparency in urban environments. This service is particularly useful for drivers seeking convenient parking solutions in crowded city centers or at events, where finding a spot can often be time-consuming and frustrating. Parkpnp primarily caters to individual drivers and businesses needing regular parking solutions, forming partnerships with property owners and parking lot operators to list their available spaces. The company operates in various geographical markets, including major cities across North America and Europe, enhancing urban mobility and providing users with a seamless parking experience.Parkpnp generates revenue through a transaction-based model, where fees are charged for each parking reservation made through its platform. Customers engage with the service by booking parking spots, with the company facilitating these transactions between drivers and property owners. Revenue is accrued through service fees added to the booking price, which is determined by the location, time, and duration of parking. While specific pricing plans for users are not disclosed, they typically involve a straightforward payment structure directly linked to the reservation details. This model supports both direct-to-consumer interactions and partnerships with parking providers, allowing for a diverse revenue stream while enhancing the convenience and accessibility of parking solutions for users.Parkpnp Limited plans to utilize the EUR 0.5 million raised in Seed funding to enhance its technology platform and expand its service offerings. The company intends to develop new features that improve user experience and streamline parking processes further. Additionally, Parkpnp is exploring opportunities for expansion into new markets, specifically targeting increased presence in additional major cities across Europe and North America by 2022. These strategic steps aim to solidify the company's market position and enhance its operational capabilities.

## Funding rounds

- Seed, Jan 23, 2019, $0.6M — Business Venture Partners
- Seed, Dec 1, 2017, $0.5M — Business Venture Partners
- Seed, Dec 12, 2016, $0.5M — Enterprise Ireland, Powerscourt Capital Partners

## Investors

- Enterprise Ireland (https://capitalatlas.ai/funds/enterprise-ireland) — Seed
- Powerscourt Capital Partners (https://capitalatlas.ai/funds/powerscourt-capital-partners) — Seed
- Business Venture Partners (https://capitalatlas.ai/funds/business-venture-partners) — Seed