Founded in 2006, ParkWhiz offers consumers a way to book a guaranteed parking spot through their online marketplace. It locates real-time parking availability at selected locations and allows users to book spots through web or mobile. The company works with parking owners in more than 125 cites across the US to provide these spots, and has extensive options in such cities as Chicago, NYC, San Francisco, and DC. Since launching its service, ParkWhiz has had more than 1 million customers book spots through their platform. According to Dalal, the company plans to use this recent financing to further streamline the parking process, expand to other markets in the US, and capitalize on “connected car” initiatives like Apple CarPlay and Android Auto. The company also hopes to grow its current staff of 25 people to 50. With this recent round of financing, ParkWhiz has raised a total of $12 million. Back in 2012, the company raised a Series A worth $2 million.
