ParkHub offers a complete parking technology ecosystem that includes payments, real-time operational data, performance analytics, dynamic pricing, and integrations with ticketing and parking reservation providers. Its solutions serve sports and entertainment venues, universities, municipalities and commercial asset holders across North America. ParkHub combines software and payments to optimize revenue-driven parking operations and facilitate prepaid and mobile payments. The company is positioning itself to capitalize on the industry shift from cash to digital payments and growing adoption of prepaid parking. ParkHub is merging with UK-based JustPark to create a full-service parking software and payments solution across North America and the United Kingdom. Together the companies serve more than 20 million drivers and over 500 B2B customers, representing $1 billion+ in booking volume. ParkHub offers a fully integrated parking management software platform combined with payment processing to optimize parking operations and facilitate payments. Its products provide contactless payment options, real-time operational data, advanced reporting and analytics, and integrations with ticketing and parking reservation providers. The company serves multiple verticals including sports, music and entertainment, higher education, parks and recreation, and other destination operators. ParkHub positions its technology to help clients increase revenue, improve operational efficiency, and deliver better guest experiences. The company announced a growth investment to support continued development of its parking management software, expansion of payment processing capabilities, and pursuit of complementary acquisitions. ParkHub was announced from Dallas & Philadelphia and is led by Founder & CEO George Baker. Led by founder and CEO George Baker Sr., ParkHub offers a suite of subscription-based solutions for parking professionals, including a mobile point-of-sale (Prime), a business intelligence system (Portal), a multi-directional occupancy sensor (Pulse), and a parking inventory/data distribution platform (ParkHub.io). The company integrates with major parking and ticketing providers such as SpotHero, Parkmobile, ParkWhiz, Ticketmaster, and Tickets.com and serves premier professional sports teams and entertainment clients. ParkHub manages over 1 million parking spots and has parked and digitally transcribed over 18 million vehicles to date. Over the past year it executed a multi-year agreement with Live Nation, expanded venue and university partnerships, and began penetrating the State and National Park verticals. In January 2019 ParkHub acquired the mobile point-of-sale division of SpotHero and formed a long-term partnership with SpotHero to improve the consumer parking experience. The company intends to use new funding to drive sales and marketing growth and further product development.

Total raised

$13M

Funding rounds

3

Latest round

Series B

Latest activity

Feb 2019