Parkloco, a Boston, MA-based provider of a parking industry data analytics platform, raised a seed funding round of undisclosed amount.
The round was led by Raymond Chang from NXT Ventures and Jeff Xiong from 7 Seas Ventures with participation from investors as well as industry experts Joe Caruso (Bantam Group), Jere Doyle, Geoffrey Bernstein (Indicator Ventures) and Dreamit Ventures.
The company intends to use the funds to launch and implement its enterprise software solutions for parking owners and operators.
Led by Ronak Massand and Jug (Napatsapa) Vajarodaya, Parkloco provides a real-time data platform for parking industry operators to optimize occupancy, revenue capture and performance, and improve the overall parking experience. A Brown University spin off, the company is now expanding operations in the North East and is working with some of the top national and regional operators to launch their service.