Parkifi has developed a platform that provides real-time data tailored for parking and property management. The company installs smart sensors in individual parking spaces to monitor occupancy, average parking times, pricing optimization trends and outcomes, violations and more. Parkifi intends to use the new funding to increase staff and continue to grow nationally. It also plans to deploy additional parking solutions at parking facilities, shopping malls and office buildings. The company raised $9.5M in a Series A to support these plans. Ryan Sullivan is the founder and CEO. Parkifi provides real-time occupancy and analytical data for parking and property management using sensor technology. Its sensors deliver spot-by-spot data including average parking times, spot occupancy, and pricing-optimization trends and outcomes. The company was founded in 2014 by Ryan Sullivan and Rishi Malik and is based in Denver. Parkifi plans to use new funding to grow in target markets and expand its team. Initial rollouts include a Denver parking-management partner representing 7,000 parking spots, the City of Boulder, and a Pittsburgh-based parking management firm. The company raised $2m in venture capital to support these expansions.

Total raised

$12M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2016