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: $460,141

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/02/2021

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

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,045

# of Investors

265

Momentum
Funded
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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

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.

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

Financials as of: 12/02/2021
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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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Price per Share History

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

Valuation History

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.

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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