ParkTag offers iOS and Android apps that let users report when they are vacating an on-street parking spot so others in the community can claim it, with options for direct handovers to friends or open community postings. The app uses smartphone sensors to automatically detect when a car is leaving a space and posts the vacated spot with a timer; users who trade spots earn in-app credit to improve future searches. Additional features include a car-finder and parking-meter reminders, while the company says it does not share users’ movement data beyond the specific parking-space posts. ParkTag positions itself as a technology specialist for municipalities and mobility services, offering its detection technology for broader smart-city and traffic-management applications. The startup has been piloting its service in Berlin and plans to expand to additional cities by the end of the year. Management says the new funding will be used to develop urban applications and the complex realtime big-data system needed to solve street parking issues.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2014