Parkifi Raises $2M

What does Parkifi do?

Parkifi, is a real time parking spot occupancy platform.  It provides live occupancy data for parking management companies. With Parkifi, parking becomes less of a hassle with its real time occupancy platform. With its sensor technology, it provides real time data to parking lot operators, cities, and mobile applications to let these operators know where open parking sports are available. Drivers can find spots fast and parking operators can optimize the revenue by understanding their present inventory. Drivers who search for an open parking spot are responsible for the 50K gallons of fuel waste every month and 30% of the traffic in the city. Parkifi fixes these problems.

How much Parkifi was funded?

Parkifi raised $2M in Series A funding on May 4^th,2015 from the investors Galvanize Ventures, Foundry Group Angels and Access Ventures.

Previous funding

$1.4M in Seed funding on March 20, 2015 from Boomtown Accelerator, Center Electric and Matt Robinson.

What is next for Parkifi?

Parkifi will use the latest fund raised to fund growth in its target markets and development of the Denver based team. This startup is developing a software which drivers can use to view the real time availability of the parking spots. This app will also include a visual aid which helps drivers in finding an open space.

More about Parkifi

Parkifi, was founded on January 1^st, 2014 by Ryan Sullivan and Rishi Malik. It has its headquarters in Denver, CO. This startup is an innovation in parking technology and works by placing small sensors in each city or managed parking spot.
With Parkifi you can simplify your parking challenges with its advanced technology. It makes it easy and efficient to manage and show the parking spots spaces. In helping customers in finding parking spots reduce traffic congestion, so that the city sees less traffic and better fuel usage.