Parking in Motion Lands Series A Financing

  • Feed Type
  • Date
    9/28/2011
  • Company Name
    Parking in Motion
  • Mailing Address
    1512 11th Street Santa Monica, CA 90401
  • Company Description
    Parking In Motion (PIM), founded by Sam Friedman and Alex Israel and headquartered in Santa Monica, California, is a provider of dynamic and real-time parking data. PIM offers comprehensive coverage in 500+ cities in the US, Canada, and Europe by providing rates, hours, entrance points, and occupancy information.
  • Website
    http://www.parkinginmotion.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    Undisclosed
  • Transaction Round
    Series A
  • Proceeds Purposes
    We are pleased that two of the world’s leading technology and transportation investors have joined us to take Parking In Motion to the next level, and we view the investment as further validation of the growing importance of real-time transportation data.
  • M&A Terms
  • Venture Investor
    Fontinalis Partners
  • Venture Investor
    IDG Ventures SF