Parknav

Help drivers find on-street parking

https://wefunder.com/parknav

Total raised on Wefunder: 1327655

Total investors: 735

Quick facts

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

Team profiles

Featured investor profiles

Parknav

Help drivers find on-street parking

Funded badge
Last Funded July 2022

$1,327,655

raised from 735 investors
Pitch Video
Investor Panel

Investor Panel

Jacob interviewed Parknav on December 2, 2021. Play Video
Jacob Brutman
Jacob Brutman
Angel Investor, Ph.D. Chemist and Computer Enthusiast
Strengths
says, "Parking is a pain in the ass. Parknav aims to make your life a lot easier and I believe people will pay for the privilege to use it. Parknav will also primarily be sold directly to car manufacturers, which is an excellent business strategy."
Advice
says, "Most new cars have android auto or apply carplay. People love to use their phone navigation apps (apple. google, waze, etc) over the built in navigation systems. It would be a major success if you were able to integrate into the most popular navigation apps."

What Investors Say

ceo Roulac Global
LEAD INVESTOR
Invested $50,000 this round + $520,000 previously
I am investing $50,000 in Parknav this round for eight reasons: 1) BIG IDEA - Finding parking is one of a number of major, big revenue applications of the Parknav Ai-enabled intellectual property that makes cities and places smarter. 2) PROPRIETARY PATENTED Ai TECHNOLOGY - this is the foundation for pragmatic, highly innovative award-winning applications of research and technology innovations, and Parknav CEO Eyal Amir is one of the world's preeminent Ai authorities. 3) MASSIVE MARKET: The $1 trillion Smart City Market that Parknav serves is growing at accelerating rates and shall exceed $3 trillion by 2026. 4) POWERFUL BUSINESS MODEL: COMPELLING VALUE PROPOSITION:  Parknav make streets/neighborhoods/cities/public and private places come alive for you, by providing personalized/customized/real time information/guidance/data to enable smart place experiences/commerce/mobility for individuals/enterprises/governments.  More smart place users in any one place increase the value in that place, and more places make all places more valuable. 5) PROMINENT BACKERS AND CUSTOMERS: Including Microsoft Ventures Accelerator, SAP, Volkswagen, PlugAndPlay, and Startupbootcamp Berlin as partners, and BMW, Siemens, Deutsche Telekom: (parent) of T-Mobile as customers. 6) STRONG GROWTH MOMENTUM: Metro coverage increase from 40 in 2016 to 1000+ new in 2022. First mover advantage. Strong moat. Every two years Parknav has been – and is projected to continue - delivering algorithmic growth – 10X: moving decimal point one place to the right - in metro coverage and sales funnel, the two most important metrics. 7) BRILLIANT CEO AND STELLAR MANAGEMENT TEAM: CEO Eyal Amir is a brilliant data scientist/entrepreneur. Israel sharpshooting champion at 20; Stanford PhD dissertation recognized as best in computer science. 8) $1MM PROFIT IN 2019: ON PATH TO $5B VALUATION: $1MM profit in 2019 and cash flow positive – highly unusual for early stage tech company. On path to $5B valuation target this decade.

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