{"data":{"type":"company_profile","id":8730,"entity_id":"wefunder:company:8730","attributes":{"canonical_url":"https://wefunder.com/parknav","generated_at":"2026-06-16T22:16:02Z","updated_at":"2026-06-16T05:02:07Z","entity_ids":{"company":"wefunder:company:8730","slug":"wefunder:company_slug:parknav"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-16T22:16:02Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-16T05:02:07Z","as_of":"2026-06-16T22:16:02Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-16T05:02:07Z","as_of":"2026-06-16T22:16:02Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-06-20T11:39:57Z","as_of":"2026-06-16T22:16:02Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-06-20T11:39:57Z","as_of":"2026-06-16T22:16:02Z","confidence":"medium"}}},"company":{"id":8730,"entity_id":"wefunder:company:8730","slug":"parknav","name":"Parknav","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.","story":"If you’re like most people — finding parking for your car can be a nightmare.From dealing with finding an open spot — how far it is from where we're going and how much it’s going to cost. It many times\u0026nbsp;takes over 10 minutes\u0026nbsp;for us to find a place to park our car.So\u0026nbsp;we decided to do what should have been done years ago, develop a solution that tells you in real time if there is a parking spot and where, covering all city streets 24/7.And we did it. We developed the right\u0026nbsp;technology, combined it with an\u0026nbsp;IoT business strategy, and deployed it to customers. And now we are ready to scale with customers, cities, and much beyond parking.Our technology works -- and we have the traction to prove it\u0026nbsp;Parknav provides real-time information on where exactly parking is available for drivers when they need it.\u0026nbsp;The way that we do this is using AI that we built at a number of levels. It uses\u0026nbsp;much historical precise data that we source or get from our partners (for example, where people paid for parking) together with real-time not-so-precise data (for example, where people are right now, such as mobile phone counts).We put a lot of work into sourcing the data and combining it in such a way that our determination of available parking spots is precise and timely. That is our Parknav platform. We then deliver the information to drivers thru our customers, such as mobile-payment-for-parking apps and car manufacturer’s in-dash navigation systems.We built and patented\u0026nbsp;artificial intelligence that can analyze data generated by cars manufacturers, telecommunication companies, insurance companies, car-sharing services, mapping companies and many other sources, along with our own proprietary data. This platform now uses a lot of data that all provide pieces of the puzzle on calculating where at a given moment a parking spot is available.\u0026nbsp;Invest in an experienced, award-winning, internationally recognized data science and leadership team.Parknav® was launched in 2015 by award-winning Professor and Data Scientist, Prof. Dr. Eyal Amir, whose 25 years of research is the foundation for our groundbreaking, patented and innovative technology. And our team experience doesn’t stop there—encompassing multiple exits, IPOs, and more..Customers trust our patented technology, which is available for 1,000+ cities in North America and Europe.In 2021 we increased our customers 200%. To do this we brought on board a team that knows how to produce, scale, and sell.\u0026nbsp;Parknav's® patented technology is trusted by some of the most well-known luxury automakers in the world (including BMW), the largest global telecommunication companies (including Deutsche Telekom), and large-scale Smart City service providers (including Siemens).We're backed by Village Global, which includes\u0026nbsp;some of the world's\u0026nbsp;most well-known technology leaders.Parknav® received investment from the California-based Venture Capital firm Village Global VC, which is backed by Diane Greene, Bill Gates, Jeff Bezos, Mark Zuckerberg, Sara Blakely, Reid Hoffman, and more! Parknav® was also part of Microsoft Ventures Accelerator, Startupbootcamp Berlin, Wayra O2/Telefonica/Hyundai Accelerator, and the Volkswagen PlugAndPlay Accelerator.Parknav® makes finding a parking spot easy and fast.Traditionally, cities and businesses have relied on dedicated, physical parking sensors to determine real-time parking availability. This costs cities and people a lot of money and time and is neither practical nor scalable. Our solution is a precise, AI data-driven product that’s 100x more cost-effective—thus, 100x more scalable—and much more accurate.\u0026nbsp;Here’s how we compare:Parknav® uses data to determine real-time parking availability.Parknav® uses AI to identify available on-street parking in real-time. It is the only scalable solution that uses zero hardware and works on every street, 24/7, for all types of on-street parking (including free, metered \u0026amp; permit). Additionally, our technology predicts so much more than parking—and this investment opportunity includes these future opportunities.We use artificial intelligence to analyze data generated by cars manufacturers, telecommunication companies, insurance companies, car-sharing services, mapping companies and many other sources, along with our own proprietary data. This makes Parknav® the most accurate solution available.Parknav® is poised to be the center of the IoT revolutionThis impending Internet of Things (IoT)\u0026nbsp;Smart Cities\u0026nbsp;revolution is demanding our unique technology expertise\u0026nbsp;and we're prepared to scale rapidly to capitalize on this momentum. The potential of Parknav® to improve Smart Cities is boundless: from enhanced citizen and government engagement to reduced environmental footprint, improved infrastructure and life quality for urban dwellers.So much more than parking.The AI-driven technology that powers Parknav® has predicted more than just parking. Our roadmap including predicting \"EVERYDAY\" situations (predicting what is occurring outside, such as where can I find a place to sit), \"FIREHOSE\" predictions (what is occurring off the street, such as does your favorite grocery store have your favorite toilet paper in stock) and \"PERSONALIZED\" predictions (what will happen to you later in the day, such as how is your health).This technology is extremely exciting and is ALREADY proven with the success of Parknav ®.Parknav® will help build the Smart Cities of the future.Modern cities will have more traffic and less parking. Autonomous vehicles can park themselves, but Parknav® will provide the missing piece of the autonomous parking experience. We’ve already identified many more potential applications of our technology and data set, and it’s clear that Parknav® will play a significant role in making the Smart Cities revolution better.","location":"San Francisco, CA","website":"https://parknav.com/","total_amount_raised":1327655,"total_investors":735,"is_funded":false,"is_active":false,"quality_score":5,"related_urls":["https://wefunder.com/parknav","https://parknav.com/"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/8730/xxl_cropped_WF_video_thumbnail__1_.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/8730/large_cropped_Logo2__1_.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/8730/standard_cropped_WF_video_thumbnail__1_.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/8730/standard_cropped_WF_video_thumbnail__1_.jpg","profile_video_url":"https://wefunder.wistia.com/medias/8hsbwbf3ug"},"links":{"company_url":"https://parknav.com/","twitter_url":"http://twitter.com/parknav","facebook_url":"http://facebook.com/parknav","instagram_url":"https://www.instagram.com/parknav.usa/","blog_url":"https://medium.com/parknav"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"$3M+ revenue to date, 200% customer growth, BMW, T-Mobile parent, Siemens"},{"index":2,"claim_id":"claim-fact-2","value":"Village Global VC with LP investor Jeff Bezos, Eric Schmidt, Marc Zuckerberg"},{"index":3,"claim_id":"claim-fact-3","value":"All-star team Techstars, multiple exists, $1B value to investors, Stanford CEO, Prof UIUC, Top 10 AI"},{"index":4,"claim_id":"claim-fact-4","value":"$7B Market for parking-finding service, Smart City AI IoT market $120B growing rapidly"},{"index":5,"claim_id":"claim-fact-5","value":"1.5 Billion Searches for Parking Daily Worldwide. Parknav AI charges per parking search"},{"index":6,"claim_id":"claim-fact-6","value":"Parknav first to market, 5 patents, technology high precision up to 95%, competitors at only 60%-75%"},{"index":7,"claim_id":"claim-fact-7","value":"Named \"Best Startup to Invest\" by Investors Place 2022, GARTNER Cool Company Data and Analytics"},{"index":8,"claim_id":"claim-fact-8","value":"Partners include Microsoft Ventures Accelerator, Startupbootcamp Berlin, Volkswagen PlugAndPlay"}],"team":[{"id":1198624,"entity_id":"wefunder:company_role:1198624","user_entity_id":"wefunder:user:43606","role":"founder","name":"Eyal Amir","title":"CEO","bio":"Named Top-10 AI Person by IEEE, Stanford University Computer Science best-PhD thesis award, AI Professor in Computer Science UIUC, Gold Medalist Olympic Rifle Shooting Israel","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1198624/square_cropped_Eyal_Amir-2019-bw.jpg?1751283323","profile_url":"https://wefunder.com/eyalamir","personal_url":"http://parknav.com","linkedin_url":"https://www.linkedin.com/in/eyalamir1/","related_urls":["https://wefunder.com/eyalamir","http://parknav.com"]},{"id":1239195,"entity_id":"wefunder:company_role:1239195","role":"employee","name":"Igal Elon Chemerinski","title":"CRO","bio":"Techstars alum, head of sales and marketing for a number of successful startups SaaS from seed to exit. 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valuation"}},"recent_posts":[{"id":156792,"entity_id":"wefunder:feed_item:156792","type":"FeedItem::Update","visibility":"public","title":"Parknav Campaign Closing Today!⌛","preview":"Dear Parknav Community,Time is almost up - our campaign on WeFunder is closing Today at 11 PM EST!We are excited to receive the support that we have, and are proud to say that we surpassed $450,000 on WeFunder - a testimony of the value and importance of Parknav’s mission to make our cities smarter and improve drivers’ lives!The increased momentum of the smart cities market together with Parknav's position in this market has been a boon. We are already working hard on our next steps.If you ha...","published_at":"2022-07-15T14:30:59Z","author_name":"Eyal Amir","url":"/feed/156792","canonical_url":"https://wefunder.com/feed/156792"},{"id":156772,"entity_id":"wefunder:feed_item:156772","type":"FeedItem::Update","visibility":"public","title":"Campaign closing in 1 day!⌛","preview":"Parknav followers on Wefunder,Final call! ⌛Our campaign is closing tomorrow and the opportunity to invest in this round on Wefunder will then be gone.Now is the time to make or increase your investment, and you have just over 24 hours to get it done. Don’t miss this chance to be an early investor in a market leader with super-growth potential: AI for Smart Cities. Invest in Parknav!Join us!Best,Eyal Amir, CEO of Parknav","published_at":"2022-07-14T14:55:14Z","author_name":"Eyal Amir","url":"/feed/156772","canonical_url":"https://wefunder.com/feed/156772"},{"id":156739,"entity_id":"wefunder:feed_item:156739","type":"FeedItem::Update","visibility":"public","title":"Parknav campaign closing in 2 days!","preview":"Hello everyone!Our campaign closes in two days and with it the opportunity to become a Parknav shareholder through Wefunder!Click here to see why over 800 people have invested in the Parknav so far. If you want to join our community of investors you have to act now.Invest in ParknavWe would love to have you with us for the next steps in our journey!\u0026nbsp;Best,Eyal Amir, CEO of Parknav","published_at":"2022-07-13T16:05:10Z","author_name":"Eyal Amir","url":"/feed/156739","canonical_url":"https://wefunder.com/feed/156739"},{"id":156708,"entity_id":"wefunder:feed_item:156708","type":"FeedItem::Update","visibility":"public","title":"$450k Milestone reached - 3 days left to invest!","preview":"Parknav Community,In fantastic news, our campaign has blasted through the $450,000 milestone and the support of our investors shows us that people everywhere believe in Parknav’s mission to revolutionize mobility in cities!\u0026nbsp;The clock is ticking - there are only 3 days left to invest or increase your investment in Parknav.This is a key opportunity to get involved in the AI for Smart City revolution in its infancy, and I hope you’ll join us.Click here to invest in Parknav →Best,Eyal Amir, ...","published_at":"2022-07-12T16:58:15Z","author_name":"Eyal Amir","url":"/feed/156708","canonical_url":"https://wefunder.com/feed/156708"},{"id":156702,"entity_id":"wefunder:feed_item:156702","type":"FeedItem::Update","visibility":"public","title":"[Video] Parknav progress update 📈","preview":"Hi Everyone!Many great things have happened since last year at Parknav. I thought it would be a perfect time to shoot a video and discuss it all. Check it out!Thank you all for your tremendous support!As a reminder, less than 4 days remain to join Parknav on WeFunder! Join us now:\u0026nbsp; wefunder.com/parknavBest,Eyal Amir, Parknav CEO","published_at":"2022-07-12T14:01:04Z","author_name":"Eyal Amir","url":"/feed/156702","canonical_url":"https://wefunder.com/feed/156702"},{"id":156626,"entity_id":"wefunder:feed_item:156626","type":"FeedItem::Update","visibility":"public","title":"7 days left to invest","preview":"Hello everyone,Our campaign closes in 7 days and with it the opportunity to become a Parknav shareholder through Wefunder! Click here to invest in Parknav.\u0026nbsp;We are beyond grateful for the incredible support we received in the last months and we take it as a testimony of the value Parknav’s solution provides for the cities of the future.For those of you around San Diego, CA next week, we are proud to present a live demo of our Parknav City Portal at the ESRI (Environmental Systems Research...","published_at":"2022-07-08T15:32:30Z","author_name":"Eyal Amir","url":"/feed/156626","canonical_url":"https://wefunder.com/feed/156626"},{"id":156598,"entity_id":"wefunder:feed_item:156598","type":"FeedItem::Update","visibility":"public","title":"Huge Growth Milestone🔥","preview":"Friends,\u0026nbsp;I am excited to announce that we have closed yet another new customer! We will share more details about the new customer soon in coordination with them.\u0026nbsp;With this new customer on board, Parknav surpassed the number of logos closing in 2021 already in the first half of 2022 !!\u0026nbsp;It’s a huge milestone for us and we couldn't wait to share the news with our investors and followers. We’re on an awesome growth trajectory!We are advancing in our aim for a 3x growth year-over-ye...","published_at":"2022-07-07T14:10:37Z","author_name":"Eyal Amir","url":"/feed/156598","canonical_url":"https://wefunder.com/feed/156598"},{"id":156559,"entity_id":"wefunder:feed_item:156559","type":"FeedItem::Update","visibility":"public","title":"Parknav campaign is closing in 10 days!","preview":"Hello folks,IT’S COUNTDOWN TIME! Parknav investment round closes on Friday, July 15th.There are only 10 days left to invest in Parknav on Wefunder. That means you can still claim your share of a company that is right in the middle of the Smart Cities and Transportation market that is taking off right now!Among the reasons to invest now:3x growth in customersSuccessful product launchSmart City market is taking offHelp people suffer less, enjoy more, and save money!We’d love to have you join us...","published_at":"2022-07-05T16:36:53Z","author_name":"Eyal Amir","url":"/feed/156559","canonical_url":"https://wefunder.com/feed/156559"},{"id":156446,"entity_id":"wefunder:feed_item:156446","type":"FeedItem::Update","visibility":"public","title":"Parknav surpasses 1 Million API calls per month","preview":"Friends,\u0026nbsp;I am happy to inform you that our platform API (Application Interface) in May 2022 crossed 1 million calls per month.\u0026nbsp;An API is a common mechanism that lets two software components communicate with each other using a set of agreed interfaces and protocols.\u0026nbsp;Companies and investors use API calls as a leading indicator and KPI (Key Performance Indicator) for the traction and success of a product. This is especially true with our new SaaS (Software as a Service) business m...","published_at":"2022-06-30T15:58:11Z","author_name":"Eyal Amir","url":"/feed/156446","canonical_url":"https://wefunder.com/feed/156446"},{"id":156371,"entity_id":"wefunder:feed_item:156371","type":"FeedItem::Update","visibility":"public","title":"Parknav on WeFunder is closing soon!","preview":"Parknav followers on WeFunder,Thanks for your diligent and friendly support for us and following us on WeFunder.I am excited to announce that our WeFunder raise is closing on Friday, 15th July 2022!We had tremendous progress in recent months with your support. Since we opened our investment offering on WeFunder, the campaign has done incredibly well, raising more than $400,000!\u0026nbsp;I will share with you more details about progress at Parknav in follow-up posts, but for now I’ll just say we h...","published_at":"2022-06-27T16:42:02Z","author_name":"Eyal Amir","url":"/feed/156371","canonical_url":"https://wefunder.com/feed/156371"},{"id":156316,"entity_id":"wefunder:feed_item:156316","type":"FeedItem::Update","visibility":"public","title":"Parknav awarded 1st place 🎉at Viva Technologies 2022 🥳","preview":"Hi all,We had a great week last week, and I am excited to share with you that Parknav was selected as a winner of the Smart Transportation Challenge at Viva Technology 2022 in Paris!Organized by Futura Mobility, Viva Technology is Europe's leading startup and technology event with more than 1500 exhibitors from over 30 countries. It brings together the world’s leading business leaders, startups, investors, and researchers.\u0026nbsp;Out of 35 startups that rose to the challenge, Parknav won the aw...","published_at":"2022-06-23T17:24:15Z","author_name":"Eyal Amir","url":"/feed/156316","canonical_url":"https://wefunder.com/feed/156316"},{"id":156096,"entity_id":"wefunder:feed_item:156096","type":"FeedItem::Update","visibility":"public","title":"London, Here we come!","preview":"Hi all,I am excited to be speaking at MOVE Mobility Conference 2022 on 15th and 16th June in LONDON along with industry experts Sachin Bedi, CEO at Roker Inc, and Christos Pateropoulos, Founder of ParkingStream about new parking technologies that are increasing traffic flow.\u0026nbsp;I would love to answer any questions or comments you might have about Parknav, our plans for future expansion, or anything else you’d like to know! You can find us at the conference at the StartUp Village booth S175....","published_at":"2022-06-14T18:48:51Z","author_name":"Eyal Amir","url":"/feed/156096","canonical_url":"https://wefunder.com/feed/156096"},{"id":156003,"entity_id":"wefunder:feed_item:156003","type":"FeedItem::Update","visibility":"public","title":"First Customer for New Parknav City Portal","preview":"Investors and friends,Our startup is focused on finding on-street parking in real time. With the recently announced City Portal we started building analytics and tools on this data that we produce.I am thrilled to announce that we just closed our first customer for our newly launched Parknav City Portal !!!This is an important milestone for Parknav, the beginning of a product-market fit for this new product. City and government customers already enjoy the Parknav API and SDK products, and the...","published_at":"2022-06-09T16:40:25Z","author_name":"Eyal Amir","url":"/feed/156003","canonical_url":"https://wefunder.com/feed/156003"},{"id":155861,"entity_id":"wefunder:feed_item:155861","type":"FeedItem::Update","visibility":"public","title":"Growth Accelerates Q1","preview":"Hello everyone,\u0026nbsp;First-quarter (Q1) of 2022 experienced a big downturn in tech stocks propelled by the workforce moving back to offices, inflation, Fed increasing interest rates, Pandemic taking a turn, and the war in Ukraine.\u0026nbsp;At Parknav we experienced some of the threats, but they did not translate to lower sales. While some parts of the sales funnel experienced a slowdown, most sales efforts moved forward on track.\u0026nbsp;Specifically, in Q1 we developed 15 new qualified sales opport...","published_at":"2022-06-02T16:27:09Z","author_name":"Eyal Amir","url":"/feed/155861","canonical_url":"https://wefunder.com/feed/155861"},{"id":155728,"entity_id":"wefunder:feed_item:155728","type":"FeedItem::Update","visibility":"public","title":"Parknav City Portal Launch 🚀","preview":"Hello friends,I am excited to announce the successful release of Parknav City Portal.\u0026nbsp;This exciting new product is here to fill in the missing information for city planners and mobility officers across the globe to make smarter, more informed decisions about their cities.\u0026nbsp;The portal allows them to have a deeper understanding of parking inventory - from always knowing how many parking slots are available (city, region, and street), what the specific parking restrictions are, payment ...","published_at":"2022-05-26T16:37:08Z","author_name":"Eyal Amir","url":"/feed/155728","canonical_url":"https://wefunder.com/feed/155728"},{"id":155368,"entity_id":"wefunder:feed_item:155368","type":"FeedItem::Update","visibility":"public","title":"Meet us in Tel Aviv this week, Reno NV next!","preview":"Hi all,Part of our work on meeting with customers and partners, you can now meet us at our booth at the EcoMotion Week in Tel Aviv, Israel tomorrow Wednesday and Parking Industry Expo (PIE) in Reno, NV next week.EcoMotion is a dynamic and growing community in the Smart Mobility field comprised of 600 startups and 13,000 community members. At the annual conference held tomorrow, Wednesday May 11th in Tel Aviv, we will share and lead the inside scoop on the latest urban mobility innovations as ...","published_at":"2022-05-10T13:32:00Z","author_name":"Eyal Amir","url":"/feed/155368","canonical_url":"https://wefunder.com/feed/155368"},{"id":155237,"entity_id":"wefunder:feed_item:155237","type":"FeedItem::Update","visibility":"public","title":"Parknav on IStartUp with Shaul Sugar!","preview":"Hello folks,\u0026nbsp;I had an opportunity to be a guest on the ‘IStartUp’ Podcast with Shaul Sugar. IStartUp is a podcast designed to exhibit to the world the revolutionary technology and products coming out of the StartUp Nation, Israel.If you want to understand what Parknav is all about, this short interview serves why I started Parknav and how it will\u0026nbsp; be the key to the future of #ParkingWe had a great chat covering everything from our team, our bar for success with Parknav, and our revo...","published_at":"2022-05-03T15:43:21Z","author_name":"Eyal Amir","url":"/feed/155237","canonical_url":"https://wefunder.com/feed/155237"},{"id":155063,"entity_id":"wefunder:feed_item:155063","type":"FeedItem::Update","visibility":"public","title":"We are extending our campaign 🚀","preview":"Great news! We decided to extend our offering, which means you need to reconfirm your investment. Here is the link to confirm your investment so we are sure to hold your spot in this round: https://wefunder.com/parknav/reconfirmWe wanted to make sure that you received this notice after the Form C filing.If you haven’t taken a part yet. This is a perfect opportunity for you to learn more about Parknav and its amazing technology to reduce your parking nightmare.\u0026nbsp;Visit wefunder.com/parknav....","published_at":"2022-04-28T16:37:02Z","author_name":"Eyal Amir","url":"/feed/155063","canonical_url":"https://wefunder.com/feed/155063"},{"id":154989,"entity_id":"wefunder:feed_item:154989","type":"FeedItem::Update","visibility":"public","title":"2nd Batch of Parknav Swag is out! 🥳","preview":"Hello everyone,\u0026nbsp;Thank you for an overwhelming response on our last batch of Parknav Hoodies. I hope you all are loving your new hoodies. If you haven’t received one - Don’t worry! You will receive your special packages soon. Packages started shipping, and we are excited to hear from you about them!Don’t forget to share your photos wearing Parknav Hoodies at corporate@parknav.com or tag us on Facebook, Twitter, and Instagram (#parknav) The team will be looking for all of your images for a...","published_at":"2022-04-26T16:41:59Z","author_name":"Eyal Amir","url":"/feed/154989","canonical_url":"https://wefunder.com/feed/154989"},{"id":154746,"entity_id":"wefunder:feed_item:154746","type":"FeedItem::Update","visibility":"public","title":"Entrepreneurs and Technologists who invest in Parknav🌟","preview":"Hello everyone!\u0026nbsp;Many superstar investors have joined us in this round already. Their backgrounds are going to help us build our company right.Today I want to spotlight a couple of our investors and the reasons that they shared with us for their investments:\u0026nbsp;Herman Venter [IMPACT]- A Research Engineer at Meta (parent of Facebook) and an impact investor. He mentioned,\u0026nbsp; “I look for companies that will make the world a better place if they succeed. I want their success to scale wor...","published_at":"2022-04-19T16:38:35Z","author_name":"Eyal Amir","url":"/feed/154746","canonical_url":"https://wefunder.com/feed/154746"},{"id":154545,"entity_id":"wefunder:feed_item:154545","type":"FeedItem::Update","visibility":"public","title":"Parknav on 20 Minute Leaders with Michael Mathias!","preview":"Hello folks,\u0026nbsp;I sat down to chat with Michael Mathias, host of the ‘20 minutes Leaders’ Podcast -- He had great questions and it was great conversation! I think you’ll really enjoy it.Michael is a Stanford Graduate, an angel and VC investor, entrepreneur, and has been featured in the Forbes Israel’s inaugural list of 30-under-30.Watch the full interview here!We had a great chat covering everything from our team, to our bar for success with Parknav, to our revolutionary technology.\u0026nbsp;Le...","published_at":"2022-04-12T16:35:59Z","author_name":"Eyal Amir","url":"/feed/154545","canonical_url":"https://wefunder.com/feed/154545"},{"id":154329,"entity_id":"wefunder:feed_item:154329","type":"FeedItem::Update","visibility":"public","title":"Much awaited Parknav Swag is finally out! 🥳","preview":"Hi all,\u0026nbsp;As a valued investor of Parknav, you must already know that we promised on our previous Wefunder raise a limited-edition Parknav hoodie for those that invested $1,000 or more.\u0026nbsp;As promised, your Parknav Swag is ready and you will receive your special packages soon. Packages started shipping, and we are excited to hear from you about them!Don’t forget to share your photos wearing Parknav Hoodies at corporate@parknav.com or tag us on Facebook, Twitter, and Instagram.\u0026nbsp; (#pa...","published_at":"2022-04-06T16:14:45Z","author_name":"Eyal Amir","url":"/feed/154329","canonical_url":"https://wefunder.com/feed/154329"},{"id":154131,"entity_id":"wefunder:feed_item:154131","type":"FeedItem::Update","visibility":"public","title":"New customer \u0026amp; 400K milestone! 🎉","preview":"Hey everyone,I’m thrilled to announce that Parknav has closed an exciting new deal with TransForm California. The Parknav brand is becoming more and more known across the globe and is a growing product on the market.\u0026nbsp;The latest partnership with TransForm, a company that engages communities in planning, run innovative programs and win policy change at the local, regional, and state levels.TransForm promotes walkable communities with excellent transportation choices to connect people of al...","published_at":"2022-03-31T16:59:23Z","author_name":"Eyal Amir","url":"/feed/154131","canonical_url":"https://wefunder.com/feed/154131"},{"id":153931,"entity_id":"wefunder:feed_item:153931","type":"FeedItem::Update","visibility":"public","title":"On Demand Webinar Replay - Impact Investing with 3 Top Wefunder Companies","preview":"Do you want your investments to make a bigger impact?Join us for this special\u0026nbsp;on-demand\u0026nbsp;event, highlighting three top companies dedicated to rapid growth while simultaneously making the world a much better place.For the first time, we're bringing leaders from three top performing Wefunder companies together in an online event -\u0026nbsp;discussing their vision and progress toward tackling sustainability, pollution. control, food security and water conservation challenges.Click here to W...","published_at":"2022-03-24T20:58:10Z","author_name":"Eyal Amir","url":"/feed/153931","canonical_url":"https://wefunder.com/feed/153931"},{"id":153836,"entity_id":"wefunder:feed_item:153836","type":"FeedItem::Update","visibility":"public","title":"Progress and Opportunities Webinar💪🏻Thank you for joining!","preview":"Hello everyone!\u0026nbsp;Thank you for joining our webinar with Travis last week, we had a great turnout!!If you missed it, don’t worry - we recorded it to be sure it would be available..Click here to watch now!I had an exciting discussion with Travis Brodeen (award-winning startup executive) about Parknav’s recent progress, key achievements, and Parknav’s near-term opportunities and growth.\u0026nbsp;I believe you’ll really enjoy this one and if you have more questions, shoot them in the comment sect...","published_at":"2022-03-22T16:15:11Z","author_name":"Eyal Amir","url":"/feed/153836","canonical_url":"https://wefunder.com/feed/153836"}],"q_and_a":[{"id":132444,"entity_id":"wefunder:comment:132444","question":"Hi, for the convertible note is there a prospectus? The info seems vague. 1. How many shares would 1000$ get you if the convert was converted. When does the convert expire? Does it pay any interest? Can it be called and if so at what premium and date. Who does the valuation and when? What is it's seniority to other debt?","author_name":"Rob Forler","votes":4,"created_at":"2021-02-25T20:49:58Z","canonical_url":"https://wefunder.com/parknav#question-132444","answers":[{"id":132571,"entity_id":"wefunder:comment:132571","answer":"Hi Rob, thanks for the question. The Form C (https://tinyurl.com/parknav-wf21-form-c) is considered that \"prospectus\". You can find it at the bottom of Details tab of this website. Specific info about terms is available in the Form of Note for early investors, which is part of Form C, also here: https://tinyurl.com/parknav2021-wf-early Your first question, namely the numbers of shares for $1000, depends on many assumptions, but hopefully you could calculate by yourself with the number of shares outstanding stated in Form C under \"DESCRIPTION OF ISSUER'S SECURITIES\". Let me know if you don't find answers easily there, and I shall help.","author_name":"Eyal Amir","votes":1,"created_at":"2021-02-26T16:50:10Z"}]},{"id":16596,"entity_id":"wefunder:comment:16596","question":"Are you able to reflect real time availability or do you predict availability based on historical data? If the data is real-time, how long is the delay between somebody vacating/taking a parking spot and this information being reflected in the app?","author_name":"Maurice Vakily","votes":4,"created_at":"2017-12-20T16:49:31Z","canonical_url":"https://wefunder.com/parknav#question-16596","answers":[{"id":132572,"entity_id":"wefunder:comment:132572","answer":"Hi Maurice, we determine real-time on-street parking availability. We use artificial intelligence to analyze data generated by cars manufacturers, telecommunication companies, insurance companies, car-sharing companies, mapping companies and many other sources, along with our own proprietary data.","author_name":"Eyal Amir","votes":1,"created_at":"2021-02-26T16:50:25Z"}]},{"id":192653,"entity_id":"wefunder:comment:192653","question":"Is your product being developed to comply with the parking industry's emerging APDS data exchange standards?","author_name":"Kevin Werner","votes":3,"created_at":"2022-02-16T15:36:39Z","canonical_url":"https://wefunder.com/parknav#question-192653","answers":[{"id":192988,"entity_id":"wefunder:comment:192988","answer":"Hi Kevin, thanks for this question. The APDS standard is developed to serve payment systems. Parknav is focused on information provisions regardless of whether payment is required or parking is completely free. We do work with a number of other standards, and would be very happy to participate in helping shape APDS to also include realtime information for parking whether payment is required or not. I feel that this shall serve drivers more broadly than just focusing on payment alone. Want to continue the conversation? Email us at corporate@parknav.com. Looking forward! --Eyal Amir, Parknav CEO","author_name":"Eyal Amir","votes":0,"created_at":"2022-02-17T17:54:09Z"}]},{"id":139474,"entity_id":"wefunder:comment:139474","question":"1.What is your business model? How do you make money? I can not find this info anywhere even in the pitch deck. 2.How big can you become? what is the exit plan? 3.How many clients do you have, B2B Partner or B2C ? Thanks","author_name":"Van Lal REM","votes":3,"created_at":"2021-04-02T06:43:16Z","canonical_url":"https://wefunder.com/parknav#question-139474","answers":[{"id":139489,"entity_id":"wefunder:comment:139489","answer":"Thanks for your interest and your questions! (1) our business model is based on charging our customers SaaS for services we provide from our SaaS platform, and our pricing on our website should give you a more information on how we monetize our unique platform with patented AI technology and processed big data. (2) we have projected a growth to $120m annual revenue (as shown in our deck), and expect, though cannot guarantee, that we shall reach so and go beyond. (3) Our clients are large enterprises, with a growing set of smaller B2B. Some of those that we can disclose are listed in the deck here on WeFunder.","author_name":"Eyal Amir","votes":3,"created_at":"2021-04-02T11:35:48Z"}]},{"id":281896,"entity_id":"wefunder:comment:281896","question":"Any recent financials available? Any plans for an exit strategy? I, and I'm sure other investors, would appreciate a recent update.","author_name":"Larry Berman","votes":2,"created_at":"2024-04-20T10:50:26Z","canonical_url":"https://wefunder.com/parknav#question-281896","answers":[]},{"id":203010,"entity_id":"wefunder:comment:203010","question":"Why did revenues decline in 2021 vs 2020? What are you doing in 2022 to right the path and how did Q1 2022 perform? Can you provide more detail of your historical intangible assets investment cash flow?","author_name":"Nicolas Suarez","votes":2,"created_at":"2022-04-27T04:45:51Z","canonical_url":"https://wefunder.com/parknav#question-203010","answers":[{"id":203276,"entity_id":"wefunder:comment:203276","answer":"Hi Nicolas, thank you for a very relevant question. Please allow me to respond to this comprehensively. Covid-19 and related trends continued to put downward pressure on the mobility market in 2021. Enterprise customers have been more resilient than others, but the strong decrease in people mobility worldwide caused them to change investments in the short term. Also, travel restrictions and decreased activity in the mobility market caused deals to slow down. On the positive side, government spending on smart city has increased worldwide, and political changes occurred that are promising to increase spending further on this market, but those took time to trickle down and we start to see their effect in 2022. Also, a new market for IoT and AI has started opening up, with early adopters starting to buy in 2021 but with smaller deal sizes. These market trends coincided with our realization in 2020 that the company can achieve faster and safer growth to a larger market by switching to SaaS (Software as a Service). This was implemented in 2021, moving away from Enterprise focus which requires substantial consulting component to SaaS to SME (Small and Medium Enterprises). This already resulted in growth in the number of customers that we had from 2020 to 2021 by 200%, and we expect, though cannot guarantee, that the same would be in 2022 compared with 2021. Those deals being smaller, though faster to close, are promising for faster and solid growth, but in the near term caused lower revenue in 2021. In conclusion, we expect, though cannot guarantee, that revenues in our updated business model shall increase to $30K/month MRR average revenue in the next 6 months, with further growth at very fast pace soon thereafter. Best, Eyal","author_name":"Eyal Amir","votes":0,"created_at":"2022-04-28T15:42:23Z"}]},{"id":183210,"entity_id":"wefunder:comment:183210","question":"How does the effective price/share in this round compare with the April WeFunder raise, which was a convertible note? I see you have $4.65 early bird (and presumably $5.31 after this) compared with $5.02 in startengine.","author_name":"Justin A","votes":2,"created_at":"2021-12-09T22:09:12Z","canonical_url":"https://wefunder.com/parknav#question-183210","answers":[{"id":183856,"entity_id":"wefunder:comment:183856","answer":"Hi Iain, many thanks for your question. Indeed the share price in this campaign is higher than that of the previous one at StartEngine. The early-bird price in this campaign offers a discount, and so did the early bird at StartEngine. This opportunity expires when we reach $300K in this round. Regarding the convertible notes from April, depending on surpassing $1MM (* see below) in this round, this note will convert into equity based on the cap of that note (e.g. $50M). Once this round closes (and assuming conversion occurs), then we shall calculate the consequent pricing per share that you receive for your note. Assuming these, holders of that note (eg at valuation $50M cap) would convert at a price per share that is much lower than the price at this round (valuation $80M). Side Note: by helping us spread the word and surpass that $1MM (*) raise in this round, you help make the notes convert. Hope this helps! Best --Eyal, Parknav CEO *(as part of the Qualified Financing mentioned in the Convertible Note of April 2021; the terms on the note prevail in any conflict with my explanation above)","author_name":"Eyal Amir","votes":0,"created_at":"2021-12-15T22:49:28Z"}]},{"id":142671,"entity_id":"wefunder:comment:142671","question":"You reasonably mention \"We don’t have to just tell you our technology works, because we have the traction to prove it.\" Please share your traction metrics. You have $50M Series B valuation, so at least Series A key metrics to make an investment decision are essential (https://www.ycombinator.com/library/1y-key-metrics): • Total customers • Bookings • Monthly recurring revenue (MRR) • Revenue CMGR • Gross margin • Gross account churn • Net dollar churn • Customer LTV / paid CAC • Quick ratio: a measure of a company’s short term liquidity • Magic number: a measure of sales efficiency that looks at what the output of a year’s worth of revenue growth is per dollar spent on sales and marketing • Burn rate / runway Could you please share them so we could see the trends of your company, the consistency and the past data. If you have inconsistent data (pitfall #2, https://www.ycombinator.com/library/1z-the-importance-of-trends) as many startups do, please elaborate on the reasons. Could you please advise how did you come up to $50M valuation cap as well.","author_name":"Aldert Reinders","votes":2,"created_at":"2021-04-17T10:47:47Z","canonical_url":"https://wefunder.com/parknav#question-142671","answers":[{"id":143450,"entity_id":"wefunder:comment:143450","answer":"Hi Aldert, thanks for your interest. Please see our annual reports and other info on this Wefunder website, specifically the deck under tab \"overview\" and also our Form C submission under tab \"details\", to find some of the metrics you are looking for. Some others may not be available for commercial or other reasons. Please also notice that this is a Seed raise rather than Series B.","author_name":"Eyal Amir","votes":0,"created_at":"2021-04-20T18:32:38Z"},{"id":203313,"entity_id":"wefunder:comment:203313","answer":"Hi Aldert, thanks again for your question, here are some metrics that I can share with you publicly (if you are accredited, please email me at corporate@parknav.com): 1. MRR: $13,000 2. Gross margin: COGS are presently only cloud costs, so gross margin is very high. 3. LTV/CAC: our deals are not yet consistent enough to offer an honest measure here. Notice that we are at Seed (not sure why you mention we are Series B). Other measures will be provided when we are at Series A! Best, Eyal","author_name":"Eyal Amir","votes":0,"created_at":"2022-04-28T17:42:17Z"}]},{"id":139686,"entity_id":"wefunder:comment:139686","question":"How do I make money by investing in this company?","author_name":"Susan Naber","votes":2,"created_at":"2021-04-03T18:22:29Z","canonical_url":"https://wefunder.com/parknav#question-139686","answers":[{"id":139805,"entity_id":"wefunder:comment:139805","answer":"Hi Susan, thanks for your question! Your investment shall convert into equity (stocks) when the company goes thru a qualifying financing event (see Form C under Details on this page). We plan, though cannot guarantee, that the company shall IPO or get acquired in the future, and that you could sell your shares at profit then.","author_name":"Eyal Amir","votes":0,"created_at":"2021-04-04T18:08:30Z"}]},{"id":139577,"entity_id":"wefunder:comment:139577","question":"This tech seems like it will be a game changer for drivers, communities and society at large. Keep up the good work. I would like to know when FY 2020 financials will be released.","author_name":"Marco Frabotta","votes":2,"created_at":"2021-04-02T20:38:57Z","canonical_url":"https://wefunder.com/parknav#question-139577","answers":[{"id":139882,"entity_id":"wefunder:comment:139882","answer":"Hi Marco, thanks for your question! We provide some 2020 estimates in our Company FAQ and Form C, and plan, though cannot guarantee, to have consolidated and reviewed FY 2020 financials by June or July this year.","author_name":"Eyal Amir","votes":1,"created_at":"2021-04-05T09:25:54Z"}]},{"id":139401,"entity_id":"wefunder:comment:139401","question":"So your market strategy is licensing the technology?","author_name":"Tal Charnes","votes":2,"created_at":"2021-04-01T21:15:02Z","canonical_url":"https://wefunder.com/parknav#question-139401","answers":[{"id":139488,"entity_id":"wefunder:comment:139488","answer":"Hi Tal, many thanks for your interest. Our marketing strategy is based on powering as many businesses and companies with our SaaS platform. So more than our unique AI technology only, and processing of corresponding big data, we provide them the full service and platform on which they can hook up to.","author_name":"Eyal Amir","votes":1,"created_at":"2021-04-02T11:28:13Z"}]},{"id":138245,"entity_id":"wefunder:comment:138245","question":"Are you using or do you intend to potentially use blockchain in your business?","author_name":"Jeremy Miller","votes":2,"created_at":"2021-03-28T14:38:41Z","canonical_url":"https://wefunder.com/parknav#question-138245","answers":[{"id":138376,"entity_id":"wefunder:comment:138376","answer":"Hi Jeremy, Blockchain distributed ledger technology can provide trust and transparency for vehicle owners, cities, and parking providers. Implementation of Blockchain in parking can provide significant help for Municipalities and Goverments to regulate parking on street and minimize traffic complications. Blockchain can store all the information regarding the duration of parking, efficient curb management, (or illegal parking) to calculate fines very quickly and efficiently. The ledger can keep information about parking spaces in the city allocated to handicap, Electric vehicule charging spots, loading zone, and specific spots contracted to particular residents. In addition, the Blockchain can serve as a platform for reviews by drivers about parking locations, service level . Another area where Blockchain can assist is to enable a land leasing system for parking lots or garages powered by smart contracts. The blockchain transparent ledger can leverage unused land for parking to be utilized by enforcing smart contracts.","author_name":"Eyal Amir","votes":1,"created_at":"2021-03-29T13:50:52Z"}]},{"id":275432,"entity_id":"wefunder:comment:275432","question":"Hi Eyal, it would be good if you could post an update for investors here.","author_name":"Patrick S Ryan PhD","votes":1,"created_at":"2024-02-05T02:41:58Z","canonical_url":"https://wefunder.com/parknav#question-275432","answers":[]},{"id":253909,"entity_id":"wefunder:comment:253909","question":"can we get a financial update ?","author_name":"Richard Clement","votes":1,"created_at":"2023-07-13T21:12:49Z","canonical_url":"https://wefunder.com/parknav#question-253909","answers":[]},{"id":246865,"entity_id":"wefunder:comment:246865","question":"Good day: Has a new round started on WeFunder?","author_name":"Clinton Noel Foster, SR","votes":1,"created_at":"2023-05-14T00:28:49Z","canonical_url":"https://wefunder.com/parknav#question-246865","answers":[{"id":248196,"entity_id":"wefunder:comment:248196","answer":"Dear Clinton, Thanks for your question! There is no WeFunder round planned for Parknav at present. If you are an Accredited Investor I invite you to reach out to us at ir@parknav.com for investment opportunities. Looking forward to hearing from you there! Best, --Eyal","author_name":"Eyal Amir","votes":0,"created_at":"2023-05-25T13:12:55Z"}]},{"id":236719,"entity_id":"wefunder:comment:236719","question":"I just received the update from Start Engine, but have not received an email for Parknav regarding the swag I qualified for. Should I just be patient, or can you point me in the right direction. Thanks","author_name":"Tom Williams","votes":1,"created_at":"2023-03-01T00:58:05Z","canonical_url":"https://wefunder.com/parknav#question-236719","answers":[{"id":237162,"entity_id":"wefunder:comment:237162","answer":"Hi Tom, Thank you for your question and your investment. I can give you the details by email. Please check your inbox for an email from Parknav.","author_name":"Rutuja Gole","votes":0,"created_at":"2023-03-03T16:53:53Z"}]},{"id":209353,"entity_id":"wefunder:comment:209353","question":"We invested $3000 back in 2016 through Wefunder. I was wondering how that converts to a return should you be bought out or go public.","author_name":"Richard W RICHARDSON","votes":1,"created_at":"2022-06-24T14:18:01Z","canonical_url":"https://wefunder.com/parknav#question-209353","answers":[{"id":209356,"entity_id":"wefunder:comment:209356","answer":"Richard, Appreciate your investment back in 2016! $3000 invested back in 2016 (convertible note at $20M cap), if an exit occurs at the current price ($5.32 per share, valuation approximately 80M) to approximately $12,000. Makes sense? --Eyal","author_name":"Eyal Amir","votes":0,"created_at":"2022-06-24T14:59:40Z"}]},{"id":204607,"entity_id":"wefunder:comment:204607","question":"Do you have plans to have this software installed in vehicles when they are manufactured? Also who is your competition as of now?","author_name":"Dan Rehmsmeyer","votes":1,"created_at":"2022-05-08T22:56:47Z","canonical_url":"https://wefunder.com/parknav#question-204607","answers":[{"id":204747,"entity_id":"wefunder:comment:204747","answer":"Hi Dan, Many thanks for your question. Yes! This is one of our target market verticals, car companies, and we are working on installing these directly into the vehicles before they leave the lot. On competition, examples are TomTom, INRIX and Parkopedia. We have several competitive advantages, primarily focused on providing better quality products, and we leverage those to acquire customers, more data, and more market dominance which create barriers to entry. Best, --Eyal","author_name":"Eyal Amir","votes":1,"created_at":"2022-05-10T13:12:45Z"}]},{"id":202915,"entity_id":"wefunder:comment:202915","question":"Hello, I originally invested $2,790 into Parknav on EB terms in the first few days of your campaign. About 10 days ago, I received official confirmation that your company is closing its Wefunder round at end of this month. Because of this (and because about 10 other company are suddenly also doing their closings at this same time), 2 days ago, I reduced my investment to 1,860. Immediately the day after, yesterday, I received word that you are extending your campaign. So I wrote to Wefunder asking if I could rescind my cut, i.e., return back to 2,790 on EB terms, but they replied that for that, I have to check with you because they cannot legally intervene. Appreciate your assistance. Thank you.","author_name":"Kim San LEE","votes":1,"created_at":"2022-04-26T19:26:41Z","canonical_url":"https://wefunder.com/parknav#question-202915","answers":[{"id":203274,"entity_id":"wefunder:comment:203274","answer":"Hi Kim, thanks for your clear explanation of the situation. We are of course excited that you like to continue investing in Parknav. We can try to help. Please e-mail us at corporate@parknav.com and refer to this conversation. Best, Eyal","author_name":"Eyal Amir","votes":0,"created_at":"2022-04-28T15:30:38Z"}]},{"id":197855,"entity_id":"wefunder:comment:197855","question":"Good afternoon! You have an $80m valuation for the current campaign. If I invest now and the company does not reach this valuation before it’s bought out or IPO’s, does my investment have any value or expected return?","author_name":"Martin D. ","votes":1,"created_at":"2022-03-24T16:39:19Z","canonical_url":"https://wefunder.com/parknav#question-197855","answers":[{"id":197858,"entity_id":"wefunder:comment:197858","answer":"Hi Martin, Great question! The shares you invest in this round are Preferred Shares. This means that if the company is acquired or otherwise has a liquidity event (e.g. IPO) that is below the $80M valuation, your shares would receive back the money of your investment ahead of Common shares. So, for example, if you invest $1,000 and the company later sells for $65M, then you shall receive at least $1,000 back (assuming a number of assumptions here for simplification). Hope this helps! Best, --Eyal","author_name":"Eyal Amir","votes":1,"created_at":"2022-03-24T17:05:38Z"}]},{"id":195021,"entity_id":"wefunder:comment:195021","question":"The information box indicates there are investor perks. I don’t see any in the overview below. If there are perks, can you briefly describe or link to them.","author_name":"Thomas Cavenagh","votes":1,"created_at":"2022-03-03T18:59:04Z","canonical_url":"https://wefunder.com/parknav#question-195021","answers":[{"id":195118,"entity_id":"wefunder:comment:195118","answer":"Hi Thomas, thanks for your question! You see the perks once you click on the invest box, they pop-up to the left of that box. Does that solve your question? Best --Eyal","author_name":"Eyal Amir","votes":1,"created_at":"2022-03-04T11:09:19Z"}]},{"id":192652,"entity_id":"wefunder:comment:192652","question":"Does any of your leadership team have experience in the parking industry? Does any of your leadership team have certifications from the parking industry, such as CAPP?","author_name":"Kevin Werner","votes":1,"created_at":"2022-02-16T15:35:24Z","canonical_url":"https://wefunder.com/parknav#question-192652","answers":[{"id":192985,"entity_id":"wefunder:comment:192985","answer":"Hi Kevin, great questions! These certifications so far are focused on payments and infrastructure, so they are relevant to our customers. We should work together to expand the certifications to include real-time information about parking availability, which is what Parknav is all about. If you are in the industry, would you like to help? If so, please email corporate@parknav.com. --Eyal Amir, Parknav CEO","author_name":"Eyal Amir","votes":0,"created_at":"2022-02-17T17:49:06Z"}]},{"id":191421,"entity_id":"wefunder:comment:191421","question":"Hi Eyal. A few questions below. • What differentiates Parknav from companies like SpotHero, Pango, Parkme and others. • In your view, is there a case to be made to partner with garages, stadiums, family attractions, and other events to provide a more complete solution? • I understand you don’t want to discuss a lot about the possible use cases of your AI engine to solve other problems. What can you share on that front that can shed a light about the potential of the company? • How do you compare you approach with other proposed solutions like Bosch’s Community based parking that propose to use real time data from available spaces from vehicles driving by? • Why there was a big gap between the previous round and this one. Thank you, Cristian Gomez Wela Ventures, LLC","author_name":"Cristian Gomez","votes":1,"created_at":"2022-02-07T17:38:59Z","canonical_url":"https://wefunder.com/parknav#question-191421","answers":[{"id":191554,"entity_id":"wefunder:comment:191554","answer":"Hi Cristian, thanks for your questions! 1. Parking companies such as Pango and SpotHero are great at helping people pay for parking. They are a growing segment of customers for us (see ParkPal, Pango Poland, Via Verde, and others). Parknav provides real-time availability of spots, a natural counterpart to payment solutions. ParkMe is a partner with us on some solutions and competes with us on some offerings. 2. Re partnering with such venues, absolutely. We are working on it! 3. Imagine a birds-eye view of the street that is privacy preserving. What companies would be interested in an engine that can interpret that street? That's what we do. 4. Parknav is an analytics platform that joins together sensory information. The platform already produces quality performance, and adds new sensors into an even better solution. Specifically re Bosch's solution, we complement their solution in a number of ways, and may join forces in the future. 5. Re gap, I am not sure what you are referring to, could you clarify? -- Best, Eyal Amir, Parknav CEO","author_name":"Eyal Amir","votes":0,"created_at":"2022-02-08T18:00:42Z"}]},{"id":191269,"entity_id":"wefunder:comment:191269","question":"Hello, 3 questions please:. 1) can I check if the price is exactly 4.65, or is this a rounded number? For instance will I receive exactly 1,000 shares for 4,650$ investment? 2) if having more users increases the flywheel effect in terms of (real time) info (availability) and your ai predictive algos, why not supply an app (freemium/$1 flat/user) to the public/end consumer, as opposed to embedding solely within parking apps and/or on OEM in-vehicular systems? If data is the key and basis of your model, perhaps it would make sense to make it the primary focus? 3) can you speak more in depth as to how you see lidar (whether in-vehicular, in-phone/in-smart.glasses, or in smart-city systems) affects your industry in terms of parking, as well as wider applications of your ai tech? Thank you.","author_name":"Kim San LEE","votes":1,"created_at":"2022-02-05T07:59:32Z","canonical_url":"https://wefunder.com/parknav#question-191269","answers":[{"id":191553,"entity_id":"wefunder:comment:191553","answer":"Hi Kim, thanks for your question! 1. The price is precisely $4.65 for the next twenty-something thousand dollars. 2. Indeed adding users increases the flywheel effect of our product, but we first need to reach a threshold on the customers side. Those customers (e.g. car OEMs) typically have more sensors that provide higher quality data than mobile phones. Re making it the primary focus, that's the plan! 3. Parknav is an analytics platform that joins together sensory information. The platform already produces quality performance, and adds new sensors into an even better solution. Tests show that Parknav's quality is better than sensors individually (Lidar, Camera, Radar, etc) and Parknav IoT (which already includes those sensors) is even better. As more sensors become available, Parknav shall integrate them and supercharge the end-user experience! Best -- Eyal","author_name":"Eyal Amir","votes":0,"created_at":"2022-02-08T17:46:42Z"}]},{"id":191267,"entity_id":"wefunder:comment:191267","question":"Hi PV Team, Congrats on the success so far. I like that you're solving one of the most commonplace and tedious pain points of all: parking. One of my readers passed along your deal to me and asked for my thoughts. I’ve written a first pass of a deal memo (https://muhanzhang.com/parknav/) for myself and other investors. My primary question is: given your revenue in 2020 was only $521k, and even your 2019 was $1.2m, if you strike it even that's a 70x multiple on a revenue of 1m for your SaaS company. How did you come to this valuation? Thanks in advance for your responses. Bests, Muhan https://muhanzhang.com/parknav/","author_name":"Muhan Zhang","votes":1,"created_at":"2022-02-05T07:33:01Z","canonical_url":"https://wefunder.com/parknav#question-191267","answers":[{"id":191936,"entity_id":"wefunder:comment:191936","answer":"Muhan! Thanks for your and your investors question and also for including us in your dealflow! We are an AI SaaS company growing exponentially in a super-sized market that is growing at fastest pace (https://www.alliedmarketresearch.com/smart-cities-market). Customers have a deal structure that is multi year and grows with usage, with NPV normally 10x--100x and more compared with 1st year revenue. Add this to the NPV of our exponentially growing pipeline and new customers (grew our new customers more than 3x in 2021), and the increasingly shorter sales cycle (went down from over a year to under 6 months on average), and you get super-exponential growth. There are very few companies in our position at our stage (with multiple deals with car OEMs and large Telcos), some of them went public thru SPACs in 2021 for over $1Billion valuation. Comparables show that we should be valued north of $100M, but we chose to price this round at $80M to help us execute and mitigate risks ahead of potential next steps. Add this to the incredibly strongest team, with multi-exit leaders in the company who each pulls their weight and know how to bring in this ship to an exit, and I believe we are undervalued at $80M. I hope that you and your investors would find us right for your profile and join us in this opportunity, and would welcome any more questions! One suggestion for your memo: Notable Investors: Village Global Venture Capital. Best regards, Eyal Amir, Parknav CEO","author_name":"Eyal Amir","votes":0,"created_at":"2022-02-11T09:55:17Z"}]}],"faq":[{"question":"I know the deals are confidential but can you make any concrete revenue projections for the next 12 months?","answer":"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..."},{"question":"How big can Parknav parking navigation get? Then what other ways will you monetize your data?","answer":"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..."},{"question":"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?","answer":"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..."},{"question":"How does Parknav compare to Parko.","answer":"Hi Sarit, The main difference is that our solution works. :-) Eyal"},{"question":"As an angel investor can I invest in your business? if yes, then contact me via email for further discussion.","answer":"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"}]}}}