Metropolis Technologies Raises $167M in Series B Funding

Metropolis Technologies

Metropolis Technologies, a Los Angeles, CA- and Nashville, TN-based provider of a mobility commerce platform, raised $167M in Series B funding.

The round was led by 3L Capital and Assembly Ventures, with participation from Dragoneer Investment Group, Eldridge, Silver Lake Waterman, and UP Partners, Deputy Mayor of New York City Dan Doctoroff, DivcoWest, Moving Capital (the Uber Alumni Syndicate), RXR Realty, Zigg Capital, Benenson Capital, Gideon Hixon Fund, Halogen Ventures, King River Capital, and Slow Ventures.

The company intends to use the funds to accelerate growth and expand operations.

Led by CEO Alex Israel, Metropolis provides a mobility commerce platform powered by advanced computer vision and a proprietary machine learning system, which enables members to drive in and drive out of parking facilities without fumbling for credit cards or phones at hundreds of properties across the country. The platform also connects members to promotions and discounts with the surrounding business community, creating new economic opportunities for thousands of local merchants.

Metropolis facilitates drive-in, drive-out payment for nearly two million members, operates more than 600 parking lots and garages, and partners with thousands of grocery stores, coffee shops, and other local merchants.