Parknav

Parknav

Growth Stage

Just Drive. Let us find parking for you.

Just Drive. Let us find parking for you.

Overview

Raised to Date: Raised: $241,495

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/30/2021

Close Date

11/29/2021

Min. Goal
$10,000
Max. Goal
$4,198,111
Min. Investment

$502

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.02

Pre-Money Valuation

$75,037,223

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/04/2021

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

Location

San Francisco, California

Business Type

Growth

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: 08/30/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Parknav 07/15/2022 Wefunder $80,044,284 $460,141 Equity - Preferred Funded RegCF
Parknav 11/29/2021 StartEngine $75,037,223 $241,495 Equity - Preferred Funded RegCF
Parknav 04/29/2021 Wefunder $50,000,000 $899,249 Convertible Note Funded RegCF
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Parknav on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $75,037,223
Price per Share: $5.02

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