Flash Valet, an Austin, TX-based developer of a cloud-based mobile management system for the valet parking industry, has raised $1.25m in Series A funding.
The round was led by Trellis Partners, with equal participation from Austin Ventures, G51 Capital, and 186K Ventures.
The company intends to use the capital for development and expansion of its parking technology into new markets.
Led by Alex Broeker, chairman of the board, Flash Valet provides cloud-based software that streamlines operations for parking providers who have the opportunity to operate away from cash registers and paper tickets by channeling communications and payment through mobile phones. They can track vehicles in real time to control and boost their revenue, manage employee time and attendance (including payroll integration), accept credit cards at the curb and through mobile payments, etc.
Flash Valet is available in over 50 locations in 13 cities in hotels, condos, restaurants and bars, hospitals, airports, arenas and shopping malls.