About ParqEx
ParqEx is a company based in Chicago (United States) founded in 2014.. ParqEx has raised $1.2 million across 1 funding round from investors including Gener8tor, Venture Management and Wisconsin Investment Partners. ParqEx offers products and services including Parking App, Access Control App, Enforcement App, Parking Marketplace, and Access+ App. ParqEx operates in a competitive market with competitors including Parkade, Pied Parker, Citifyd, Roost and Prndl, among others.
- Headquarter Chicago, 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.2 M (USD)
in 1 rounds
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Latest Funding Round
$1.2 M (USD), Seed
Dec 20, 2016
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Investors
Gener8tor
& 3 more
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Employee Count
Employee Count
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Products & Services of ParqEx
ParqEx offers a comprehensive portfolio of products and services, including Parking App, Access Control App, Enforcement App, Parking Marketplace, and Access+ App. 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.
App for booking and managing parking spots easily
Controls gates and doors remotely via smartphone
Issues tickets and tracks violations on mobile devices
Platform to list and rent parking spaces securely
Enables hands-free gate and door access using phones
Unlock access to complete
Funding Insights of ParqEx
ParqEx has successfully raised a total of $1.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.2 million completed in December 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 1
- Last Round Seed — $1.2M
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First Round
First Round
(20 Dec 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2016 | Amount | Seed - ParqEx | Valuation | Venture Management , Wisconsin Investment Partners |
| 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 ParqEx
ParqEx has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Gener8tor, Venture Management and Wisconsin Investment Partners. 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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Founded Year | Domain | Location | |
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Angel investment and business incubation services are provided.
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Founded Year | Domain | Location | |
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Startups are accelerated via a 12-week program with funding support.
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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 ParqEx
| 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 - ParqEx
| 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 |
Parqex Comparisons
Competitors of ParqEx
ParqEx 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 Parkade, Pied Parker, Citifyd, Roost and Prndl, 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 |
Peer-to-peer parking spaces are booked via a mobile app.
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| domain | founded_year | HQ Location |
Parking spaces are rented peer-to-peer via a mobile app.
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| domain | founded_year | HQ Location |
App-based platform to find, reserve & pay for parking
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| domain | founded_year | HQ Location |
Low-cost storage and parking spaces are shared peer-to-peer in neighborhoods.
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| domain | founded_year | HQ Location |
Nearby parking spots are booked via Prndl's peer-to-peer online platform.
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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 ParqEx
When was ParqEx founded?
ParqEx was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is ParqEx located?
ParqEx is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is ParqEx a funded company?
ParqEx is a funded company, having raised a total of $1.2M across 1 funding round to date. The company's 1st funding round was a Seed of $1.2M, raised on Dec 20, 2016.
What does ParqEx do?
ParqEx was founded in 2014 in Chicago, United States, within the peer-to-peer parking sector. A mobile and web platform is maintained for users to search spots by current location or address. Contact with individual owners is enabled, allowing reservations by the hour, day, week, or month. Owners are permitted to list available parking spaces through the system.
Who are the top competitors of ParqEx?
ParqEx's top competitors include Parkade, Citifyd and Pied Parker.
What products or services does ParqEx offer?
ParqEx offers Parking App, Access Control App, Enforcement App, Parking Marketplace, and Access+ App.
Who are ParqEx's investors?
ParqEx has 4 investors. Key investors include Gener8tor, Venture Management, Wisconsin Investment Partners, and Buyers Agent Accelerator.