Zirx, the San Francisco-based startup, is shutting down its consumer on-demand parking service.
According to a post on the company’s blog, “Consumer on-demand parking, while one of those novel, amazing experiences for customers, is a very difficult business to scale. And, an even harder business to scale to great profitability”.
The service will close on February, 29th, 2016.
The company also said that it will continue to focus on its enterprise business, which is growing and requires more and more resources from them.
Led by Sean Behr, Co-Founder and CEO, Zirx is venture backed, having raised the following funding rounds:
– 02/09/2015: Zirx Receives Strategic Investment from BMW i Ventures;
– 22/04/2015: Zirx Closes $30M Series B Venture Capital Financing from Bessemer Venture Partners, Norwest Venture Partners and Trinity Ventures; and
– 06/09/2014: Zirx Closes $6.4M Series A Financing from Norwest Venture Partners and Trinity Ventures.