About this raise

Parknav, with a valuation of $80 million, is raising funds on Wefunder. 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 $51,000 and a maximum target of $3,956,004. The campaign proceeds will be used for debt repayment, sales, marketing, and product.

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Investment Overview

Invested this round: $460,141

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
12/03/2021
Close Date
07/16/2022
Min. Goal
$51,000
Max Goal
$3,956,004
Min. Investment

$505

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.32

Early Bird Valuation

$69,963,519

Pre-Money Valuation

$80,044,284

Company & Team

Company

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

Team

Employees
12
Prior Founder Exits?
No
Founder Name
Eyal Amir
Title
CEO

Financials

 Revenue -58% YoY
$521,796
 Monthly Burn
$4,415
 Runway
6.2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$521,796

$1,236,065

COGS

$0

$0

Tax

$0

$0

 

 

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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Company Funding & Growth

Funding history

Total Prior Capital Raised
$3,741,115
VC Backed?
Yes
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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Growth Charts

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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Parknav on Wefunder 2021
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $80,044,284
Price per Share: $5.32

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