Munich/Stockholm-based Parkamo has raised €2.1 million in a Series A round. The service offers a number of features, all based around car parking. The new fuel in Parkamo’s tank will be used to continue to grow the team in both Munich and Stockholm locations, as well as strengthen partnerships with existing municipalities, parking app providers, and parking garage owners.
Not having owned a car myself for almost two decades, I can’t really relate, but from what I’ve been told, living in an urban environment and being the possessor of a four-wheeled creature can be more of a hassle than it’s worth. Add to this the rise of micro-mobility options, coupled with more and more pedestrianised areas, the competition and headaches around finding a spot to park a car are rising.
Here’s where Parkamo steps in to try to alleviate some of those griefs. An on-street parking spot locator in itself, the platform also acts as an aggregator, allowing users to bring all of their existing other parking spot locator apps all under one roof. If nothing’s to be found on the street, Parkamo can also point users to one of their own parking garages and/or private, dedicated parking spots.
Founded in 2019, Parkamo is active in 20 European countries and saw its customer numbers double over the course of this year. The company also reports that parking space rentals via their service have risen by 370% in the same time period.
“We are extremely proud that Parkamo has experienced such a significant level of user engagement in 2021 and proven its value to our users and partners. Through their support, our investors validate the attractiveness and growth potential of our service and enable us to offer Parkamo to even more users around Europe,” commented Parkamo CEO Katharina Wagner. “For Europe’s cities to thrive post-lockdown, urban parking must be made more efficient and sustainable, and Parkamo is enabling this to happen.”