Parknav (2021)
About this raise
Parknav, with a valuation cap of $50 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. Eyal Amir founded Parknav in July 2009. The proceeds of the current crowdfunding campaign, with a minimum raise of $300,000 and a maximum raise of $1,070,000, will target debt repayment, sales, marketing, and product development. Parknav has partnered with companies like Microsoft Ventures Accelerator and Volkswagen PlugAndPlay and serves customers including BMW, Siemens, and Deutsche Telekom.
Investment Overview
Invested : $899,249
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 03/24/2021
- Close Date
- 04/30/2021
$300,000
$1,070,000
$500
Convertible Note
Series B
RegCF
$50,000,000
20%
Company & Team
Company
- Year Founded
- 2009
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
- Revenue +97% YoY
- $1,602,313
- Monthly Burn
- $35,497
-
Runway
- 0.1 months
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
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
Founder Interview
Founder Profile: Eyal Amir of Parknav
Apps like Google Maps, Uber, and Lyft make it easier than ever to get around cities. However, finding parking is still a common difficulty across urban environments, with no centralized system for monitoring available parking. Enter Parknav.Parknav uses AI to monitor on-street parking in real-time. The company intends for its technology to help drive the formation and functionality of smart cities across the country. We sat down with founder Eyal Amir to learn more about how Parknav could be part of the smart city revolution.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.