Parking Panda operates a mobile marketplace and app that lets homeowners and garages rent out unused parking spaces and lets drivers find and book spots. The service supports a parking finder in 25 cities and offers parking rentals live in Baltimore, Washington D.C., and the Bay Area (San Francisco and Oakland). It lists more than 20,000 parking spots across its three live markets, has deals with roughly seven to ten different garage operators covering close to 75 locations, and the Bay Area footprint ranges from 5,000 to 10,000 spots. The company has a peer-to-peer driveway rental component and had 200 homeowners on a Bay Area waitlist. Peer-to-peer bookings have varied by market and season—70% during Baltimore football season but falling to 15–25% at other times—while garage partnerships currently generate the majority of bookings. Parking Panda plans additional city launches including Philadelphia, Boston, Austin, and another west coast city.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2012