Parknav
Growth Stage
Just Drive. Let us find parking for you.
Overview
Raised: $241,495
Total Commitments ($USD)
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
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$5.02
Pre-Money Valuation
$75,037,223
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/05/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,654
# of Investors
173
Momentum
Funded
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Year Founded
2009
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
AutomationTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
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.
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 |
Financials as of: 08/31/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Parknav | 07/16/2022 | Wefunder | $80,044,284 | $460,141 | Equity - Preferred | Funded | RegCF |
| Parknav | 11/30/2021 | StartEngine | $75,037,223 | $241,495 | Equity - Preferred | Funded | RegCF |
| Parknav | 04/30/2021 | Wefunder | $50,000,000 | $899,249 | Convertible Note | Funded | RegCF |
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