# Soul Parking

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

- Industry: Commercial Property
- Headquarters: Jakarta, Indonesia
- Website: www.soulparking.co.id
- Total disclosed funding: $13M
- Latest round: Series A (Jan 17, 2025)
- Investors on record: 7

## About

Based in Indonesia, Soul Parking provides innovative parking management solutions that enhance user experiences and streamline operations for parking facility operators, tackling common parking challenges through technology.Soul Parking, founded in 2019 in Jakarta, Indonesia, specializes in parking management solutions. The company has successfully completed 3 deals, with its most recent investment round occurring on January 6, 2025. In its SERIES A funding round, the company raised USD 3.750 mn, co-led by AC Ventures and AppWorks, among other investors. The current company valuation is USD 18.752 mn. The CEO is Kemas Akbar, and the founder is Andru Jo.Soul Parking specializes in innovative parking management solutions designed to streamline the parking experience for users and operators alike. The company's core offerings include a smart parking app that facilitates real-time parking space availability, enabling users to find and reserve parking spots efficiently. This app is aimed at urban drivers seeking convenient parking options, thereby addressing common challenges such as time consumption and the stress of searching for available spaces. Additionally, Soul Parking provides management software for parking lot operators, enhancing their ability to monitor occupancy rates and optimize pricing strategies. Their products primarily target metropolitan areas in Southeast Asia, particularly cities where traffic congestion and parking scarcity are prominent issues, appealing to both individual consumers and commercial clients in the transportation and real estate sectors.Soul Parking generates revenue through a subscription-based model for its smart parking app and partnerships with property developers and municipalities that host their management software. Clients subscribe to tiered pricing plans granting access to various features, including advanced analytics and enhanced user support. Direct transactions occur between Soul Parking and its clients, often structured around the number of parking spaces managed and the services utilized. The company may also engage in revenue-sharing agreements with parking facility owners, where a percentage of parking fees collected through the app is allocated to Soul Parking, establishing a steady income stream while supporting user base growth across targeted geographical markets.In January 2025, Soul Parking raised USD 3.750 mn in SERIES A funding, co-led by AppWorks and AC Ventures, which will be utilized to support its growth and expansion plans. The company is focusing on upcoming product launches aimed at enhancing user interface and expanding its smart parking app features. Additionally, Soul Parking plans to enter new markets in Southeast Asia, specifically targeting urban areas with high parking demands, aiming for a rollout by late 2025.

## Funding rounds

- Series A, Jan 17, 2025, $7.8M — Wavemaker Partners, AC Ventures, Taiwan Mobile, AppWorks
- Series A, Mar 10, 2022, $3.8M — AC Ventures, Corin Capital
- Seed, Jan 5, 2021, $1.5M — PT Paragon Pratama Teknologi, Agaeti Venture Capital, AC Ventures

## Investors

- PT Paragon Pratama Teknologi — Seed
- Agaeti Venture Capital (https://capitalatlas.ai/funds/agaeti-venture-capital) — Seed
- AC Ventures — Seed, Series A
- Corin Capital (https://capitalatlas.ai/funds/corin-capital) — Series A
- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Series A
- Taiwan Mobile — Series A
- AppWorks (https://capitalatlas.ai/funds/appworks) — Series A