About NuPark
NuPark is a company based in Lubbock (United States) founded in 2013 by Stephen Lambert was acquired by T2 Systems in December 2021.. NuPark has raised $2.44 million across 2 funding rounds from investors including T2 Systems, Passport and Techstars. NuPark offers products and services including Permits & Enforcement, PARCS, Mobile Payments, and Pay Stations. NuPark operates in a competitive market with competitors including Parkhub, FlashParking, Arrive, Metropolis and REEF, among others.
- Headquarter Lubbock, United States
- Founders Stephen Lambert
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Sectors
TechnologyTransportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.44 M (USD)
in 2 rounds
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Latest Funding Round
$1.04 M (USD), Seed
Oct 21, 2016
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Investors
T2 Systems
& 3 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of NuPark
NuPark offers a comprehensive portfolio of products and services, including Permits & Enforcement, PARCS, Mobile Payments, and Pay Stations. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for managing parking permits and enforcement processes.
System for gateless access and revenue control in parking areas.
App-based tool for contactless parking fee payments.
Hardware and software for on-site parking payment handling.
Funding Insights of NuPark
NuPark has successfully raised a total of $2.44M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.04 million completed in October 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.0M
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First Round
First Round
(23 Sep 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Seed - NuPark | Valuation | Techstars , Lubbock Angel Network |
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| Sep, 2015 | Amount | Seed - NuPark | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NuPark
NuPark has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include T2 Systems, Passport and Techstars. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Startups are accelerated globally without sector restrictions through structured programs.
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Founded Year | Domain | Location | |
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Seed capital is provided to startups by Lubbock Angel Network.
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Founded Year | Domain | Location | |
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Passport is recognized for providing parking management software solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NuPark
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - NuPark
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nupark Comparisons
Competitors of NuPark
NuPark operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Parkhub, FlashParking, Arrive, Metropolis and REEF, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of comprehensive parking management solutions
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| domain | founded_year | HQ Location |
Parking management systems are delivered via SaaS-enabled hardware and software.
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| domain | founded_year | HQ Location |
Tech-enabled platform for parking and mobility management solutions is provided.
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| domain | founded_year | HQ Location |
End-to-end parking management solutions are provided via an AI-enabled platform.
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| domain | founded_year | HQ Location |
REEF is focused on connecting goods and services to local neighborhoods through digital solutions.
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| domain | founded_year | HQ Location |
Parking management solutions for events and venues are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nupark
Frequently Asked Questions about NuPark
When was NuPark founded?
NuPark was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is NuPark located?
NuPark is headquartered in Lubbock, United States. It is registered at Lubbock, Texas, United States.
Is NuPark a funded company?
NuPark is a funded company, having raised a total of $2.44M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.4M, raised on Sep 23, 2015.
What does NuPark do?
NuPark was founded in 2013 in Lubbock, United States, and operates in the parking technology sector. A cloud-based platform is offered for parking enforcement, permit management, access control, and event handling through license plate recognition. Automation of parking systems is enabled, including gate operations based on vehicle plates, spot reservations, and contactless payments, with deployment across various facilities.
Who are the top competitors of NuPark?
NuPark's top competitors include Arrive, Parkhub and Metropolis.
What products or services does NuPark offer?
NuPark offers Permits & Enforcement, PARCS, Mobile Payments, and Pay Stations.
Who are NuPark's investors?
NuPark has 4 investors. Key investors include T2 Systems, Passport, Techstars, and Lubbock Angel Network.
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