Parkdepot, a Munich, Germany-based tech company that specializes in digital parking solutions, has closed a Series A financing round of €15 million in Series A funding round from Surplus Equity Partners, Armira Growth, and existing investor henQ.
The fresh capital will plan to use to drive international expansion and the further development of the product. The aim is to establish the leading solution for barrier and ticketless parking space management in Europe.
Parkdepot sees itself as a full-service provider, offering everything from a single source, from programming the software and matching it to the associated hardware to operational implementation during ongoing operations.
The tech company develops individual solutions for fully automated parking space management in unpaid and paid parking spaces based on image recognition technology with artificial intelligence (AI).
The core of the solution is the digitization of the entire parking process, from license plate recognition to billing, which makes parking discs, controllers, or barrier systems obsolete.
Company: Parkdepot GmbH
Round: Series A
Funding Month: December 2022
Lead Investors: Surplus Equity Partners, Armira Growth, and henQ
Company Website: https://www.park-depot.com/
Software Category: Parking Solutions
About the Company: Founded in 2019, Parkdepot is a specialist in digital and innovative parking solutions. The company manages parking spaces with a camera-based license plate scanner which maintains GDPR compliance. This enables a digitized recording and billing of parking transactions without barriers or inspectors and these become obsolete due to the in-house developed AI software that monitors the parking lot. With the use of our AI, parking spaces are used more efficiently by enabling the rental of unused capacity or checking the demand for e-charging stations. Parkdepot offers a platform to transform parking lots into modern and smart mobility hubs. It is based in Munich, Germany, and currently has 200 people employed in six countries.