Parknav (2021)

About this raise

Parknav, with a valuation of $75 million, is raising funds on StartEngine. The company has developed an AI-powered technology to solve the parking challenges of modern cities. The solution is scalable and can be used for any street to identify available on-street parking in real-time. Parknav has partnered with companies like Microsoft Ventures Accelerator and Volkswagen PlugAndPlay and serves customers including BMW, Siemens, and Deutsche Telekom. Eyal Amir founded Parknav in July 2009. The current crowdfunding campaign has a minimum target of $9,998.84 and a maximum target of $4,198,110.54. The campaign proceeds will be used for growth and expansion.

Investment Overview

Invested this round: $241,495

Deal Terms
Company & Team

Total Commitments

Platform: StartEngine
Start Date: 08/31/2021
Close Date: 11/30/2021

Min. Goal
$10,000

Max Goal
$4,198,111

Min. Investment

$502

Security Type

Equity - Preferred

Company Stage

Growth Stage

SEC Filing Type

RegCF

Price Per Share

$5.02

Pre-Money Valuation

$75,037,223

Company

Year Founded: 2009
Industry: Transportation, Automotive, Aviation, & Aerospace
Tech Sector: AutomationTech
Distribution Model: B2B/B2C
Margin: Low
Capital Intensity: Low
Location: San Francisco, California
Business Type: Growth
Company Website: Visit Website

Team

Employees: 11
Prior Founder Exits?: No

Founder Name: Eyal Amir
Title: CEO

Financials

Revenue -57% YoY: $521,796
Monthly Burn: $4,415
Runway: 6.2 months

View Detailed Financials

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$521,796	$1,236,065
COGS	$0	$0
Tax	$1,786	$17,758


Net Income	$-52,981	$657,377

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$27,566	$3,456
Accounts Receivable	$0	$0
Total Assets	$1,436,753	$946,910
Short-Term Debt	$135,007	$111,742
Long-Term Debt	$1,735,018	$1,217,586
Total Liabilities	$1,870,025	$1,329,328

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Ratings

Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
07/16/2022	Wefunder	$80,044,284	$460,141	Equity - Preferred	Funded	RegCF
11/30/2021	StartEngine	$75,037,223	$241,495	Equity - Preferred	Funded	RegCF
04/30/2021	Wefunder	$50,000,000	$899,249	Convertible Note	Funded	RegCF

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Revenue
Valuation
Price per Share
Employees

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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View on StartEngine

Preferred Stock, $75M • Closed

12 Following

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65 Invested

Deal Considerations

2
Key Challenges
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1
Other Risks
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Parknav (2021)

Parknav (2021)

About this raise