Elmspring
222 W Merchandise Mart Plz Fl 12, Chicago, Illinois, 60654, United States
Overview
The elmspring accelerator works with start-ups that offer innovative solutions for the old ways of doing business inside Real Estate. Ideal candidates for the program are pre- or early-market companies with a strong leadership team and a disruptive technology that can be applied to brokerage, housing, mapping, leasing, property management, or construction/design (to name a few). The program is three-months long and housed inside 1871. Participants in the program receive seed funding, mentorship, complimentary office space at 1871, dedicated marketing support, and unparalleled access to Real Estate industry connections. The company accepts applications on a annual basis in advance of their scheduled sessions.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Commercial Real Estate
- Real Estate
- Residential
Investment portfolio
- ParqEx
Participated · Seed · Jan 2017
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.
Team
No current team members are available.