AppyParking recently announced that the company has just closed a £7.6 million Series A round.
British kerbside management and mobility startup that is transforming parking for motorists and empowering local authorities and car park operators to better manage their assets raised £7.6 million in Series A
The funding round includes new strategic investment from Hyundai Motor Company and Sumitomo Corporation. It was led by West Hill Capital, the London based venture capital firm, with participation from existing investors Aviva Ventures and Breed Reply.
The investment brings AppyParking’s total funding since launch to over £11 million and will enable the company to accelerate product development, support domestic and international growth and continue to expand their talented team.
Founded in 2013 with the launch of their smart parking app, the company is working with the aim to make parking forgettable and help prepare cities for the rise of autonomous vehicles.
Its holistic kerbside management platform provides a ‘future of mobility’ conduit between the private and public sector, ensuring standardised kerbside data can flow between local authorities and mobility operators, unlocking the barriers that hinder the adoption of intelligent mobility solutions and ultimately make the kerb work for everyone, physically, socially and commercially.
Source: Press Release