ParqEx operates a marketplace that enables non-commercial parking owners (residential, non-profit and business) to rent underutilized parking spots to drivers on an hourly, daily, weekly or monthly basis. For secured spots behind gates or garage doors the company’s Access+ technology lets owners grant controlled access through the ParqEx app. The service is available in Chicago, Boston, Washington D.C., San Francisco, Los Angeles, Miami, Philadelphia, Milwaukee and Madison. Led by founder & CEO Vivek Mehra, ParqEx focuses on unlocking private parking inventory for short- and long-term rentals. The company intends to use the newly raised funds to expand operations across its markets. No revenue or user metrics were disclosed in the article.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2017