PassportParking raises $6 million in Series A
PassportParking is a parking management solutions company that has raised $6 million in Series A funding co-led by Grotech Ventures and Relevance Capital with participation from several angel investors. This round of funding will be used for scaling sales, marketing, and engineering.
“The industry lacked tools for operators to make informed decisions, forcing providers into reactionary mode. This ultimately trickled down to frustrated parkers. We’ve created a compelling solution with the most complete, data-driven software system on the market,” stated Passport co-founder Bob Youakim. “Grotech and Relevance are committed to our vision and bring an outstanding network of resources to help us accelerate and support our growth.”
Passport supports private label services and lets clients control their own branding.