HAH Parking Analysis: $3M Raised
What is HAH Parking?
HAH Parking specializes in innovative parking management software that maximizes revenue and simplifies operations. Their unique approach leverages artificial intelligence to automate pricing and streamline enforcement. This enables property owners to transform unused parking spaces into profitable assets efficiently.
Employees
1-10
Founded
2017
Industry
PropTech, AI/ML, SaaS
Latest Funding Round Size
Conventional Debt
Public Company Status
Private
Recent Venture Round Amount
$742,000
Product Features & Capabilities
- XForce for intelligent parking enforcement
- XPay for seamless payment processing
- XControl for comprehensive operation management
- Dynamic pricing system to optimize revenue
- On-demand enforcement services for flexible management.
Use Cases
Maximize revenue from underutilized parking spaces; Automate pricing to enhance occupancy rates; Streamline parking enforcement with AI technology; Facilitate easy payment processing for users; Manage parking operations remotely and efficiently.
How much HAH Parking raised
Pre-Seed - $100,000
February 2019Lead Investor: Not specified
Seed - $535,000
March 2019Lead Investor: Not specified
Seed - $300,000
January 28, 2020Lead Investor: Not specified
Seed - $625,000
March 13, 2019Lead Investor: Not specified
Conventional Debt - $742,000
April 14, 2023Lead Investor: Not specified
Accelerator/Incubator - $625,000
September 1, 2019Lead Investor: Not specified
Who are the founders of HAH Parking
VV
Victor Vitali
Chief Executive Officer
RV
Rocky Vitali
Co-founder & Chief Operating Officer
SG
Sean Glavin
Chief Technology Officer
Other Considerations
Raised funds through StartEngine campaign; Achieved 75% profit margins and 98% client retention; Focused on the growing smart parking market projected to reach $9.6B by 2025.
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Financial Overview
$3MTotal Raised
Pre-Seed$100,000
February 2019
Investors: Not specified
Seed$535,000
March 2019
Investors: Not specified
Seed$300,000
January 28, 2020
Investors: Not specified
Seed$625,000
March 13, 2019
Investors: Not specified
Conventional Debt$742,000
April 14, 2023
Investors: Not specified
Accelerator/Incubator$625,000
September 1, 2019
Investors: Not specified