FlashParking, an Austin, TX-based parking technology company, received a $60m strategic investment from the Growth Fund of L Catterton.
The company intends to use the funds to scale its cloud-based parking system.
Launched in 2011 by Juan Rodriguez, FlashParking provides a cloud-based system improving the parking experience with real-time data visibility and actionable intelligence, including supply data and dynamic pricing. The company’s mobility hub operating system aims to empower real estate owners, parking operators, and cities to tackle complex mobility issues such as congestion, lack of visibility into supply and demand, and fragmented consumer experiences.
It is processing $1 billion in transactions at more than 1,300 locations worldwide.