Metropolis Raises $167 Million in Series B

by Kay Aloha Villamor in June 16th, 2022

Metropolis, a Santa Monica, CA-based startup building payment infrastructure for parking facilities, announced that it raised $167 million in a Series B funding.

The round was co-led by 3L Capital and Assembly Ventures with participation from Dragoneer, Eldridge Industries, Silver Lake Waterman, UP Partners, and former deputy mayor of New York Dan Doctorof.

The proceeds will be put toward product development, expanding the company’s team, and expanding into “new mobility adjacent verticals.”

Company: Metropolis Technologies, Inc.

Raised: $167.0M

Round: Series B

Funding Month: June 2022

Lead Investors: 3L Capital and Assembly Ventures

Additional Investors: Dragoneer, Eldridge Industries, Silver Lake Waterman, UP Partners 

Company Website: https://metropolis.io/

Software Category:  Mobility Commerce Platform 

About the Company: Founded in 2017 Metropolis is a mobility commerce platform connecting mobility, local businesses, and payments for the first time. Metropolis is a mobility commerce company, building infrastructure that allows us to transact in the physical world with the seamlessness and ease we experience online, Metropolis mission is to make the journey remarkable by bringing the ease of digital transactions to the physical world with mobility commerce, a new way to transact that connects transportation, payments, and local businesses for the first time. That means making bricks and mortar smarter, and making living and playing in our cities a joy.

Source: https://techcrunch.com/2022/06/15/ai-powered-parking-platform-metropolis-bags-167m/



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