PassportParking, a Charlotte, NC-based provider of enterprise parking software, raised $6m in Series A funding.
The round was co-led by Grotech Ventures and Relevance Capital with participation from angel investors.
The company intends to use the funds to scale sales, marketing and engineering efforts.
Co-founded by and Charlie and Bob Youakim, Passport provides municipalities, universities and private parking operators with a cloud-based platform that helps streamline the parking management process including issuing citations, distributing permits and managing events. For consumers, the company’s mobile payment service provides a tool to pay for parking through their mobile phones and receive parking discounts from nearby retailers with integrated Facebook sign-in.
Its offering is deployed in over 35 states with additional representation in Spain and Australia.
FinSMEs
16/12/2013