ParqEx
Latest round
- Seed
Last raised
- Dec 2016
Total raised
- $1.3M
Investors
- 4
About ParqEx
Founded in 2014 by Vivek Mehra, ParqEx, LLC is based in Chicago, US, and focuses on innovative parking management solutions.ParqEx specializes in providing smart parking solutions that leverage proprietary technology to optimize the management and monetization of underutilized parking spaces. Its core offerings include the ParqEx Parking Marketplace, which facilitates the identification and reservation of private parking spots, and the Access+ platform, which enhances property security and access management through smartphone integration and License Plate Recognition (LPR) technology.C.ParqEx's revenue model is structured around transaction-based fees for its parking solutions and subscription services for its proprietary technology platforms. Clients engage with ParqEx primarily through direct-to-consumer interactions and business-to-business partnerships, wherein property managers and developers can access advanced parking management tools. Property owners can list their available parking spaces on the ParqEx platform, generating income through bookings made by users seeking short-term or long-term parking. Additionally, ParqEx offers tailored pricing plans for its Access+ service, which facilitates seamless access control for properties, enhancing security and convenience.ParqEx aims to enhance its service offerings with upcoming features for the Access+ platform to be launched in mid-2023, which will include advanced analytics for property managers. The company plans to expand into new markets such as New York City and Seattle by the end of 2024.
Who invested in ParqEx
4 investors across 1 round
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Funding rounds
Seed
Dec 27, 2016
Amount
$1.3M
Investors
Questions about ParqEx
Who invested in ParqEx?
ParqEx has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has ParqEx raised?
ParqEx has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did ParqEx last raise money?
ParqEx's most recent round on record is a Seed, in Dec 2016.
What does ParqEx do?
Founded in 2014 by Vivek Mehra, ParqEx, LLC is based in Chicago, US, and focuses on innovative parking management solutions.
Where is ParqEx headquartered?
ParqEx is headquartered in Chicago, US.
Which VCs invest in companies like ParqEx?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back travel & leisure companies at ParqEx's stage. Their profiles are linked below.
VCs backing travel & leisure startups at Seed
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