About Passport Parking
Passport Parking is a company based in Charlotte (United States) founded in 2010.. Passport Parking has raised $1.54 million across 3 funding rounds from investors including NEST-TN. Passport Parking offers products and services including Parking App and Municipal Parking Solutions.
- Headquarter Charlotte, United States
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Sectors
Financial ServicesTransportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name Passport Labs, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.54 M (USD)
in 3 rounds
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Latest Funding Round
$568.8 K (USD), Seed
Sep 01, 2013
- Investors
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Employee Count
Employee Count
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Products & Services of Passport Parking
Passport Parking offers a comprehensive portfolio of products and services, including Parking App and Municipal Parking Solutions. 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.
The app is used for paying and managing parking sessions remotely, including alerts and payment processing.
Solutions are provided to support parking and mobility needs for municipalities and businesses through a dedicated platform.
Funding Insights of Passport Parking
Passport Parking has successfully raised a total of $1.54M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $568.8 thousand completed in September 2013. 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 Seed — $568,800
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First Round
First Round
(01 Apr 2010)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2013 | Amount | Seed - Passport Parking | Valuation |
investors |
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| Dec, 2012 | Amount | Angel Round - Passport Parking | Valuation |
investors |
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| Apr, 2010 | Amount | Seed - Passport Parking | 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 Passport Parking
Passport Parking has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include NEST-TN. 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 |
| 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 Passport Parking
| 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 - Passport Parking
| 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 |
Passport Parking Comparisons
Competitors of Passport Parking
| 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 Passport Parking
When was Passport Parking founded?
Passport Parking was founded in 2010.
Where is Passport Parking located?
Passport Parking is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Is Passport Parking a funded company?
Passport Parking is a funded company, having raised a total of $1.54M across 3 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Apr 01, 2010.
What does Passport Parking do?
Founded in 2010 in Charlotte, United States, Passport Parking operates as a cloud-based mobile payment platform in the parking and transit sector. Credit or debit cards are registered by users to facilitate parking fee payments via the app. Sessions can be extended remotely, notifications are sent before expiration, and receipts are viewed or printed online. Pay-by-voice and pay-by-text options are provided, with availability on Android and iOS platforms.
What products or services does Passport Parking offer?
Passport Parking offers Parking App and Municipal Parking Solutions.
Who are Passport Parking's investors?
Passport Parking has 1 investor. Key investors include NEST-TN.
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