This site uses cookies to ensure the best viewing experience for our readers. Read more about it Got it

Brief

Amazon Backs Parking App Developer ParkWhiz

Earlier this year, ParkWhiz acquired Tel Aviv-based startup CodiPark

CTech 17:5914.11.18
Amazon's Alexa Fund has invested in Chicago-headquartered parking space booking company ParkWhiz Inc., which earlier this year acquired Tel Aviv-based startup CodiPark Ltd., ParkWhizz announced Tuesday. The investment added $5 million to ParkWhiz’s series D funding round announced in September, bringing it to a total of $25 million. Other participants in the current investment include Chicago-based investment firms Purple Arch Ventures and Chaifetz Group. Founded in 2006, ParkWhiz develops apps that let drivers pre-book parking spaces from different parking operators. The company has 150 employees and has raised $70 million to date, according to Pitchbook data.

 

Parking lot (illustration). Photo: Maor Suisa Parking lot (illustration). Photo: Maor Suisa

 

Cancel Send
    To all comments