ParkWhiz
Latest round
- Series D
Last raised
- Nov 2018
Total raised
- $55M
Investors
- 12
About ParkWhiz
ParkWhiz, Inc.Founded in 2006 and headquartered in Chicago, US, ParkWhiz, Inc. focuses on resolving parking challenges through its innovative platform. The company merged with FlashParking, Inc. in January 2021, combining resources to further enhance its service offerings.ParkWhiz offers a comprehensive platform designed to simplify the parking experience for users across multiple geographical markets, including major cities such as Chicago, Boston, Philadelphia, and New York. The core product is a mobile and web-based application that facilitates the reservation of parking spaces in advance or for immediate use. Users can compare prices, select parking locations that suit their needs, and complete the booking process in just a few clicks. Upon reservation, customers receive a mobile parking pass that allows for seamless entry without the need to present a paper ticket.ParkWhiz generates revenue primarily through transaction fees associated with parking space reservations made through its platform. When a user books a parking space, the transaction typically involves a fixed fee that is charged directly to the customer, with ParkWhiz retaining a portion for its services. The company operates on a direct-to-consumer model, allowing individual users to secure parking without intermediary involvement. Pricing plans are structured to offer competitive rates against standard parking fees, with promotional discounts available that can save users up to 50% off typical rates. The company is also exploring expansion into additional markets beyond its current presence in cities like Chicago, Boston, Philadelphia, and New York, although specific new regions have not been disclosed. This strategic approach aims to broaden its service reach and improve the overall customer experience.
Who invested in ParkWhiz
12 investors across 6 rounds
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Questions about ParkWhiz
Who invested in ParkWhiz?
ParkWhiz has 12 investors on record across 6 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has ParkWhiz raised?
ParkWhiz has raised 6 venture rounds. Sign up free to see how much each round raised and the total.
When did ParkWhiz last raise money?
ParkWhiz's most recent round on record is a Series D, in Nov 2018.
What does ParkWhiz do?
ParkWhiz is a internet company.
Where is ParkWhiz headquartered?
ParkWhiz is headquartered in Chicago, US.
Which VCs invest in companies like ParkWhiz?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back internet companies at ParkWhiz's stage. Their profiles are linked below.
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