Social Parking Startup ParkTag Pulls In $680K To Drive Its Tech Into Urban Planning

TechCrunch

We first came across Berlin-based startup ParkTag pitching their parking space swapping community at Disrupt New York’s Startup Alley, back in 2013.

Today they’re announcing a seed investment of €500,000 ($680,000) from German’s High-Tech Gründerfonds (HTG), a semi governmental VC fund whose investors include the Federal Ministry for Economics and Technology, the KfW Bank group, and six industrial groups: BASF, Deutsche Telekom, Siemens, Robert Bosch, Daimler and Carl Zeiss.

In addition to the €500,000 seed, HTG’s investment also includes €1.2 million reserved for a follow on Series A round, which is the fund’s typical investment structure.

The ParkTag iOS and Android apps lets users report when they are about to vacate an on-street parking spot to other users of the app who can then swoop in and bag the space. It lets users either do a specific handover of a parking spot to someone else, such as a colleague, friend or neighbour who they might actively want to help out. But the…

View original post 365 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s