About Parkable
Parkable is a company based in Auckland (New Zealand) founded in 2015.. Parkable has raised $6.08 million across 3 funding rounds from investors including Spark New Zealand, Pioneer Capital and Rowan Simpson. Parkable offers products and services including Parking Management Software, Parkable App, EV Charging Integration, and Visitor Parking System. Parkable operates in a competitive market with competitors including Kiwi Park, among others.
- Headquarter Auckland, New Zealand
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$6.08 M (USD)
in 3 rounds
-
Latest Funding Round
$3.17 M (USD), Series A
Dec 06, 2021
-
Investors
Spark New Zealand
& 4 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Parkable
Parkable offers a comprehensive portfolio of products and services, including Parking Management Software, Parkable App, EV Charging Integration, and Visitor Parking System. 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 administering parking in commercial and workplace settings
App for users to find, reserve, and pay for parking spaces
Feature for managing electric vehicle charging in parking areas
System for handling visitor bookings and access control
Unlock access to complete
Funding Insights of Parkable
Parkable has successfully raised a total of $6.08M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3.17 million completed in December 2021. 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 3
- Last Round Series A — $3.2M
-
First Round
First Round
(30 Aug 2019)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Debt – Conventional - Parkable | Valuation |
investors |
|
| Dec, 2021 | Amount | Series A - Parkable | Valuation | Pioneer Capital |
|
| Aug, 2019 | Amount | Series A - Parkable | Valuation | Spark |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Parkable
Parkable has secured backing from 5 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Spark New Zealand, Pioneer Capital and Rowan Simpson. 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 |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Broadband, telephony, and related services are provided in New Zealand.
|
Founded Year | Domain | Location | |
|
RS
Rowan Simpson |
New Zealand-based angel investor, entrepreneur, and advisor in tech startups.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Parkable
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Parkable
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parkable Comparisons
Competitors of Parkable
Parkable 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 Kiwi Park, 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 |
App for booking, paying, and managing parking spaces in New Zealand.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Parkable
Frequently Asked Questions about Parkable
When was Parkable founded?
Parkable was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Parkable located?
Parkable is headquartered in Auckland, New Zealand.
Is Parkable a funded company?
Parkable is a funded company, having raised a total of $6.08M across 3 funding rounds to date. The company's 1st funding round was a Series A of $2.91M, raised on Aug 30, 2019.
What does Parkable do?
Founded in 2015 in Auckland, New Zealand, Parkable operates as a peer-to-peer marketplace in the parking sector. Parking spaces are listed by owners on the platform, while users search, discover, and book spots in real-time. Management tools are provided for owners to handle listings. The service is accessible via mobile apps for iOS and Android devices.
Who are the top competitors of Parkable?
Parkable's top competitors include Kiwi Park.
What products or services does Parkable offer?
Parkable offers Parking Management Software, Parkable App, EV Charging Integration, and Visitor Parking System.
Who are Parkable's investors?
Parkable has 5 investors. Key investors include Spark New Zealand, Pioneer Capital, Rowan Simpson, David Brain, and Peter Beguely.