ParqEx Analysis: $1M Raised
What is ParqEx?
ParqEx specializes in smart parking solutions that optimize the value of underused parking spaces. Their proprietary technology enables property owners and managers to efficiently manage parking resources. This approach transforms parking into a revenue-generating asset while enhancing user experience and security.
Employees
11-50
Founded
2014
Industry
PropTech
Latest Funding Round Size
Seed Round
Public Company Status
Private
Recent Venture Round Amount
$1,200,000
Product Features & Capabilities
- Smart Parking Platform for self-managed real estate
- Parking Marketplace for listing and renting spaces
- Access+ App for remote access control
- Enforcement App for mobile ticketing and violation tracking
- Dynamic AI Pricing for optimizing parking rates.
Use Cases
Manage and rent underutilized parking spaces; Simplify guest parking with digital passes; Control access to gates and doors remotely; Enforce parking rules and issue tickets; Analyze parking usage trends and performance.
How much ParqEx raised
Seed Round - Over $1.2 million
December 20, 2016Lead Investor: Wisconsin Investment Partners, Venture Management Partners, Elmspring, gener8tor, and others.
Other Considerations
Trusted by over 10,000 properties nationwide; Offers a comprehensive suite of parking management tools; Provides a mobile-first solution for parking enforcement.
See something that needs updating? Suggest edits to this profile.