About Park It My
Park It My is a Transportation, Automotive & Logistics company based in Kuala Lumpur (Malaysia) founded in 2016. Online marketplace for booking parking space on rent. Park It My has raised $58.21 thousand across 2 funding rounds from investors including NEXEA, Hanlow and Len Meng Fui. Park It My was last valued at $612.47 thousand in August 2017. Its website parkitmy.com draws about 11 thousand monthly visits. Its focus areas include Consumer, Road Transport Tech, Parking and Parking Spot. Its legal entity is PARKIT SOLUTIONS SDN. BHD.
Company details
ParkIt was established in 2016 in Kuala Lumpur, Malaysia, as an online marketplace within the parking rental sector. Unused parking spaces are listed by owners on the platform, while drivers are enabled to search for and inquire about nearby vacancies. Connections are facilitated between drivers and available spots through the system, supporting rental transactions in urban areas. Operations focus on streamlining access to temporary parking solutions for vehicle owners.
- Headquarters Kuala Lumpur, Malaysia
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website parkitmy.com
- Social Facebook
- Legal Name Parkit Solutions Sdn. Bhd
- Annual Revenue$3.38 M (USD)52as on Mar 31, 2020
- Net Profit-$753.71 K (USD)-122as on Mar 31, 2020
- Total Equity Funding$58.21K (USD)
in 2 rounds
- InvestorsNEXEA
& 5 more
Funding Insights of Park It My
Park It My has successfully raised a total of $58.21K across 2 strategic funding rounds. 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 $58,214
- Total Rounds 2
- First Round $58,214
(Aug 2017)
- Investors Count 6
All 2 funding rounds of Park It My with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
Last known valuation $612,466 (Aug 2017). 6 investors in total: 2 institutional and 4 angel.
Investors in Park It My
Park It My has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include NEXEA, Hanlow and Len Meng Fui.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC, Accelerator and Angel Network for Malaysia & Southeast Asia based companies | nexea.co | Subang Jaya, Malaysia | ||
Hanlow is engaged in distributing gifts and premium items. | hanlow.com.my | |||
LM Len Meng Fui | unknown_d1bc084af11e4ac6b | |||
LK Looi Kok Loon | Angel investor and tech entrepreneur based in India, focusing on early-stage startups. | unknown_8f0bfa67b0c242b58 | ||
MS Mohamed Sharil Tarmizi | unknown_22654eec51fc4aa9b | |||
NC Ng Chok Tung | unknown_475809ace9f94eae9 |
Investor details for Park It My
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Park It My
3 dated milestones of Park It My across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Park It My is founded.
- Funding First funding round of $58K.
- Funding Latest funding round, Series A,.
Web traffic of Park It My
The website of Park It My (parkitmy.com) receives about 11.1K visits a month.
- Monthly visits11.1K
▼ 14.4% vs previous month
Websites whose visitors overlap most with Park It My. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
parking.com.my | parking.com.my | 100% | #577,018 | – | |
| flexi-parking.com | 100% | 11.8K | #2,290,384 | View details | |
| setel.com | 79% | 508K | #100,484 | View details | |
sunway.city | sunway.city | 24% | #4,389,843 | – |
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Frequently Asked Questions about Park It My
Park It My was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Park It My is headquartered in Kuala Lumpur, Malaysia.
Park It My is a funded company, having raised a total of $58.21K across 2 funding rounds to date. The company's 1st funding round was a Seed of $58.21K, raised on Aug 2017.
Annual revenue of Park It My is $3.38M as on Mar 31, 2020.
ParkIt was established in 2016 in Kuala Lumpur, Malaysia, as an online marketplace within the parking rental sector. Unused parking spaces are listed by owners on the platform, while drivers are enabled to search for and inquire about nearby vacancies. Connections are facilitated between drivers and available spots through the system, supporting rental transactions in urban areas. Operations focus on streamlining access to temporary parking solutions for vehicle owners.
The valuation of Park It My is $612.47K as of Aug 2017.
Park It My operates through Parkit Solutions Sdn. Bhd.