# ParkTag Social Parking

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/parktag-social-parking

- Industry: Internet
- Headquarters: Berlin, Germany
- Website: www.parktag.mobi
- Total disclosed funding: $0.7M
- Latest round: Seed (Jun 26, 2014)
- Investors on record: 1

## About

ParkTag Social Parking offers innovative mobile solutions for urban parking management, enhancing user experience and efficiency in finding and reserving parking spaces.ParkTag Social Parking was founded in 2012 and is headquartered in Berlin, Germany. The company specializes in social parking solutions that improve urban parking accessibility. In June 2014, ParkTag raised EUR 0.5 million in Seed funding led by High-Tech Gründerfonds. The company has executed a single known deal to date, with a current valuation of EUR 2.312 mn.ParkTag Social Parking provides mobile solutions designed to facilitate efficient parking management. Their platform focuses on improving user experience by allowing users to find and reserve parking spaces in urban areas seamlessly. The service is tailored to meet the needs of drivers seeking immediate parking solutions while optimizing the use of urban parking resources.ParkTag Social Parking's revenue model is structured around service agreements and partnerships with businesses and municipalities to implement their parking solutions. The precise details of the pricing plans are not disclosed; however, their offerings aim to provide considerable value through enhancing parking accessibility and efficiency in urban environments.ParkTag Social Parking plans to leverage the recent Seed funding of EUR 0.5 million, raised on June 26, 2014, to develop new features and services aimed at improving their mobile parking solutions. The company is exploring opportunities to expand into additional European markets by 2025, with a focus on cities facing significant parking challenges. This strategic growth will be supported by enhancing their technology and user outreach initiatives.

## Funding rounds

- Seed, Jun 26, 2014, $0.7M — High-Tech Gruenderfonds

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed