About Parking Panda
Parking Panda is a company based in Baltimore (United States) founded in 2011 was acquired by SpotHero in April 2017.. Parking Panda has raised $5.04 million across 4 funding rounds from investors including SpotHero, Moonshots Capital and Greg Cangialosi. Parking Panda operates in a competitive market with competitors including Way, SpotHero, The Parking Spot, QP QuickPay Parking and ParkJockey, among others.
- Headquarter Baltimore, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
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Social
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- Legal Name Parking Panda Corp
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Funding Insights of Parking Panda
Parking Panda has successfully raised a total of $5.04M across 4 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 Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(31 May 2011)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2015 | Amount | Series A - Parking Panda | Valuation |
investors |
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| Feb, 2013 | Amount | Series A - Parking Panda | Valuation |
investors |
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| Apr, 2012 | Amount | Seed - Parking Panda | Valuation | Greg Cangialosi , Sean Lane |
| 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 Parking Panda
Parking Panda has secured backing from 10 investors, including venture fund and angel investors. Prominent investors backing the company include SpotHero, Moonshots Capital and Greg Cangialosi. 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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Seed-stage tech startups founded by veterans are funded.
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Founded Year | Domain | Location | |
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Angel capital is provided to tech-based startups.
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Founded Year | Domain | Location | |
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Startups are accelerated in fintech, SaaS, climate, and various sectors.
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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 Parking Panda
| 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 - Parking Panda
| 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 |
Parking Panda Comparisons
Competitors of Parking Panda
Parking Panda 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 Way, SpotHero, The Parking Spot, QP QuickPay Parking and ParkJockey, 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-based platform to find car parking, auto insurance & car wash services
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| domain | founded_year | HQ Location |
Parking reservations are enabled by an app-based platform.
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| domain | founded_year | HQ Location |
Airport parking is provided via online bookings and shuttle services.
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| domain | founded_year | HQ Location |
Provides integrated mobile technology for parking services and solutions.
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| domain | founded_year | HQ Location |
Parking booking app
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| domain | founded_year | HQ Location |
Parking Search Engine
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Parking Panda
When was Parking Panda founded?
Parking Panda was founded in 2011.
Where is Parking Panda located?
Parking Panda is headquartered in Baltimore, United States. It is registered at Baltimore, Maryland, United States.
Is Parking Panda a funded company?
Parking Panda is a funded company, having raised a total of $5.04M across 4 funding rounds to date. The company's 1st funding round was a Seed of $250K, raised on May 31, 2011.
What does Parking Panda do?
Founded in 2011 in Baltimore, United States, Parking Panda functions as a marketplace in the parking sector. Inventory is optimized for owners and managers by directing traffic during low demand and adjusting prices at capacity. Reservations and payments are handled through a mobile app or website. Operations cover approximately 30 major cities across the USA.
Who are the top competitors of Parking Panda?
Parking Panda's top competitors include Way, SpotHero and The Parking Spot.
Who are Parking Panda's investors?
Parking Panda has 10 investors. Key investors include SpotHero, Moonshots Capital, Greg Cangialosi, Sean Lane, and David Troy.