Parking in Motion Lands Series A Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e466ba9d-e2ac-4421-92c4-80f74a4b018f&Preview=1 -
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
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Venture Investor
Fontinalis Partners -
Venture Investor
IDG Ventures SF
