CurbStand, a Los Angeles, California-based iOS app that allows users to locate, pay and tip for valet parking from their mobile devices, raised $3m from a private investor.
This additional funding followed an initial $1m investment the company received upon its inception in October 2013.
CurbStand will use the funds to expand its executive staff, launch operations into other U.S. markets, further develop its product and raise national brand awareness.
Founded by Owen De Vries, Moncef Abbou and Nicole Duncan in October 2013 and led by Serge Gojkovich, CEO, CurbStand provides a mobile payment and specialty services platform for the valet and parking industries.
It is currently available in Los Angeles. To date, the company has deplyed 125 stands that serve over 170 businesses in the area, adding 5-10 new locations each week and developing partnerships with L.A. businesses, including nightlife establishments Nic’s Martini Lounge, The Victorian, Supperclub LA, and Project LA; and notable restaurants such as Wolfgang’s Steakhouse, Osteria Mamma, Philippe Chow, Sugarfish, Stout Burger, Malibu Cafe, El Compadre, Stella Barra Pizzeria, and M Street Kitchen, among others.
FinSMEs
22/09/2014