Parkdepot provides a camera-based computer vision and AI platform that digitises parking lots, eliminates the need for on-site staff and expensive hardware, and automates security, payment, and vehicle detection. Its system scans cars entering and exiting spaces, processes more than 1 million parking transactions every day, and supplies operators with analytics to identify unused capacity and increase commercial value. The company’s solution is GDPR-compliant and DEKRA-certified. Parkdepot employs around 200 people across six countries and has expanded from the DACH region into Poland, Denmark, and Italy, now managing almost a third of its parking spaces in international markets. Financially, Parkdepot recently closed a €15 million Series A following a €4.2 million seed round in March 2021. The new capital is earmarked for continued product development and international expansion. Parkdepot is a Munich-based startup that digitizes and automates parking-lot management with a camera system that scans vehicles entering and exiting. The platform eliminates on-site staff and avoids expensive hardware, lowering operating costs. The company reports 30% month-over-month growth and employs over 50 people. It counts McDonald’s as a customer and manages one in eight McDonald’s parking facilities in Germany. The team has reduced average installation time from one week to just a few hours. Parkdepot aims to become Europe’s largest parking lot manager within the next two years and will use new funding to continue growth and develop product innovations.

Total raised

$21M

Funding rounds

2

Latest round

Series A

Latest activity

Dec 2022