Metropolis Analysis: $2.0B Raised
What is Metropolis?
Metropolis specializes in computer vision technology that enables checkout-free payment for parking. Their unique approach integrates technology with hands-on operations, ensuring a seamless experience for drivers and property owners. This innovation transforms the parking experience by eliminating the need for cash, credit cards, or ticket machines.
Location
Los Angeles, United States
Employees
10001+
Founded
2018
Parent Company
SP Plus Corporation
Address
1314 7th St, Santa Monica, CA 90401, US
Latest Funding Round Size
Series C
Public Company Status
Private
Recent Funding Round
Series C
Recent Venture Round Amount
$1,800,000,000
State of Headquarters
California
Product Features & Capabilities
- Computer vision platform for parking management
- Checkout-free payment system for drivers
- Integrated parking operations management
- Real-time data analytics for asset productivity
- In-person demos available in major markets.
Use Cases
Streamline parking payment processes for drivers; Enhance revenue generation for real estate owners; Facilitate quick implementation in new locations; Manage parking operations efficiently; Provide customer support through a dedicated help center.
How much Metropolis raised
Series B - $167 million
June 15, 2022Lead Investor: 3L Capital, Assembly Ventures, Dragoneer Investment Group, Eldridge, Silver Lake Waterman, UP Partners
Series A - $41 million
February 16, 2021Lead Investor: 3L, 01 Advisors, Dragoneer, Slow Ventures, Starwood, RXR, DivcoWest, Dan Doctoroff
Series C - $1.8 billion
May 16, 2024Lead Investor: Eldridge Industries, BDT & MSD Partners, Vista Credit Partners, Temasek
Other Considerations
Operates in over 360 markets; 16 million drivers use Metropolis; Offers in-person demos in major cities.
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Financial Overview
$2.0BTotal Raised
Series B$167 million
June 15, 2022
Investors: 3L Capital, Assembly Ventures, Dragoneer Investment Group, Eldridge, Silver Lake Waterman, UP Partners
Series A$41 million
February 16, 2021
Investors: 3L, 01 Advisors, Dragoneer, Slow Ventures, Starwood, RXR, DivcoWest, Dan Doctoroff
Series C$1.8 billion
May 16, 2024
Investors: Eldridge Industries, BDT & MSD Partners, Vista Credit Partners, Temasek