AppyParking, a London, UK-based kerbside management and mobility technology startup, closed a £7.6m Series A funding round.
The round, which brought total funding raised since launch to over £11m, was led by West Hill Capital, with participation from existing investors Aviva Ventures and Breed Reply, as well as Hyundai Motor Company and Sumitomo Corporation.
The company intends to use the funds to accelerate product development, support domestic and international growth and continue to expand the team.
Founded in 2013 by Dan Hubert, CEO, with the launch of a smart parking app, AppyParking provides a kerbside management platform which ensures that standardized kerbside data can flow between local authorities and mobility operators.
Last year, the company began mapping all of Greater London’s restricted road network in high definition, up to an accuracy of 3cm.
AppyParking now hosts a large dataset of the UK’s kerbside restrictions which is aligned with the recently announced data standard by the Alliance of Parking Data Standards (APDS), with over 400 towns and cities forecasted to be mapped by the end of this year.
FinSMEs
16/07/2019