Pave Mobility, a Dania Beacvh, FL-based parking-enforcement solutions provider that offers tools to simplify parking operations and enforcement, completed a corporate reorganization and capital raise.
The transaction was led by US Infravest Managers L.P., a NY-based, SEC registered investment advisor with capital provided by institutional investors.
The company intends to use the funds to propel its enforcement solution with investments in business intelligence, R&D and client success initiatives.
Led by Fred Bredemeyer, CEO, and Ben Hoffman, CTO, Pave Mobility is a parking-enforcement solutions provider that offers tools to simplify parking operations, including a digital parking management system employing License Plate Recognition (LPR) and integrations in more than 450 locations throughout the U.S.
With its new structure, capital and ownership base, the company is focused on continuing to enhance its reporting and customer service capabilities and further drive its enforcement offering to serve its list of customers, sectors, and sites.
In addition, the company has recently hired Tom Hurlbut, the former CFO of Pioneer Lines, Inc., as well as the former controller and interim CFO of Norfolk Southern, to spearhead the company’s finance, accounting, and administrative departments.
FinSMEs
30/11/2023