Company Profile (AI Text)
Name: Parknav
Canonical URL: https://wefunder.com/parknav
Updated at: 2026-06-16T05:02:07Z

Tagline: Help drivers find on-street parking
Elevator pitch: We use artificial intelligence to help drivers find available on-street parking in real-time.
Description: What they do: Parknav turns location data from tens of millions of cellphones into actionable insights about how people move through cities. Their first product is an app that predicts which streets have parking available with up to 95% accuracy, and they already make money. Why it's a big deal: Accurate data on how people move through cities is invaluable. Retailers use it to site new locations, and drivers want real time data on open parking spots. Parknav uses their machine learning expertise to create the best real time location data available. They’ve started by solving a problem that 50M drivers have every night in US cities. Finding street parking. Their predictions are so accurate that their current customers include service fleets, navigation companies, real estate brokers, and automobile manufacturers. Parknav is working with Telecom companies to mine location data from tens of millions of devices - giving them enough information to accurately predict parking availability across all cities in Germany and the US. This isn't just the first accurate parking app, Parknav is laying the foundation to own the first and largest data set of human demographic movement ever.

Key claims:
- Total raised on Wefunder: 1327655 | citation: https://wefunder.com/parknav#claim-total-raised
- Total investors: 735 | citation: https://wefunder.com/parknav#claim-total-investors

Verified facts:
- Total raised on Wefunder: 1327655 | observed_at: 2026-06-16T05:02:07Z | expires_at: 2026-06-17T05:02:07Z
- Total investors: 735 | observed_at: 2026-06-16T05:02:07Z | expires_at: 2026-06-17T05:02:07Z

Computed metrics:
- total_amount_raised: 1327655
- total_investors: 735
- team_size: 10
- featured_investor_count: 1
- faq_count: 5
- recent_post_count: 10

Quick facts:
- $3M+ revenue to date, 200% customer growth, BMW, T-Mobile parent, Siemens | citation: https://wefunder.com/parknav#claim-fact-1
- Village Global VC with LP investor Jeff Bezos, Eric Schmidt, Marc Zuckerberg | citation: https://wefunder.com/parknav#claim-fact-2
- All-star team Techstars, multiple exists, $1B value to investors, Stanford CEO, Prof UIUC, Top 10 AI | citation: https://wefunder.com/parknav#claim-fact-3
- $7B Market for parking-finding service, Smart City AI IoT market $120B growing rapidly | citation: https://wefunder.com/parknav#claim-fact-4
- 1.5 Billion Searches for Parking Daily Worldwide. Parknav AI charges per parking search | citation: https://wefunder.com/parknav#claim-fact-5
- Parknav first to market, 5 patents, technology high precision up to 95%, competitors at only 60%-75% | citation: https://wefunder.com/parknav#claim-fact-6
- Named "Best Startup to Invest" by Investors Place 2022, GARTNER Cool Company Data and Analytics | citation: https://wefunder.com/parknav#claim-fact-7
- Partners include Microsoft Ventures Accelerator, Startupbootcamp Berlin, Volkswagen PlugAndPlay | citation: https://wefunder.com/parknav#claim-fact-8

FAQ:
- Q: I know the deals are confidential but can you make any concrete revenue projections for the next 12 months?
  A: Hi Will, Thanks for this question. Our advisors and significant investors feel confident about our revenue trajectory and growth momentum. In a business like ours bookings are as if not more important than revenue per se. Bookings are often multi-year contracts with values often greater than funds received over one period. If we perform the way that we believe we can perform, revenue over the next several years is in the 9 figures. Revenue projections are by definition inaccurate for early st...
- Q: How big can Parknav parking navigation get? Then what other ways will you monetize your data?
  A: Hi Ben, Parknav's Parking Navigation is going to be part of everyday navigation within a few years, being embedded in present household navigation solutions and also in emerging ones. Many of those would be embedded in the car directly or via one's mobile devices. Beyond real-time parking, Parknav already sells parking analytics data (e.g. how much time it takes to park on average around a property). Finally, beyond parking, Parknav's data is going to be valuable to marketing automation, lead...
- Q: How does parknav differ from parking panda or spothero? What tipping point are you aiming for prior to seeking a Series A? What type of patents do you have or seeking in the U.S. And EU to prevent your business model to be duplicated in other parts of the world?
  A: Hi Dilraj, Parking Panda and SpotHero are great at making reservations for parking lots. We partner with such companies. Parknav provides the on-street real-time availability of spots, and when drivers see all red (hard to park) close to their destination these partners provide the option to reserve a spot in closer off-street garages. The technologies and business ecosystems for the two types of companies are touching but very different. Consequently, we expand much faster, sell primarily B2...
- Q: How does Parknav compare to Parko.
  A: Hi Sarit, The main difference is that our solution works. :-) Eyal
- Q: As an angel investor can I invest in your business? if yes, then contact me via email for further discussion.
  A: Hi John, I believe you want to contact the WeFunder guys for this. If for some reason you cannot, please let me know and I'll contact on your behalf. Eyal

Recent posts:
- Parknav Campaign Closing Today!⌛ (2022-07-15T14:30:59Z) https://wefunder.com/feed/156792
- Campaign closing in 1 day!⌛ (2022-07-14T14:55:14Z) https://wefunder.com/feed/156772
- Parknav campaign closing in 2 days! (2022-07-13T16:05:10Z) https://wefunder.com/feed/156739
- $450k Milestone reached - 3 days left to invest! (2022-07-12T16:58:15Z) https://wefunder.com/feed/156708
- [Video] Parknav progress update 📈 (2022-07-12T14:01:04Z) https://wefunder.com/feed/156702
- 7 days left to invest (2022-07-08T15:32:30Z) https://wefunder.com/feed/156626
- Huge Growth Milestone🔥 (2022-07-07T14:10:37Z) https://wefunder.com/feed/156598
- Parknav campaign is closing in 10 days! (2022-07-05T16:36:53Z) https://wefunder.com/feed/156559
- Parknav surpasses 1 Million API calls per month (2022-06-30T15:58:11Z) https://wefunder.com/feed/156446
- Parknav on WeFunder is closing soon! (2022-06-27T16:42:02Z) https://wefunder.com/feed/156371