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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


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