Venture builder EPTI (“EPTI” or “the Company”) has in interim report Q3 2021 published information that EPTI’s majority-owned venture Parkamo GmBH (“Parkamo”) has fully closed its funding round with a total of SEK 21.4 million in raised capital, the funding round was oversubscribed. The post money valuation of the company sums up to SEK 97.9 million and Parkamo can also inform details about strengthened user growth for their green parking application.
Parkamo with its headquarters in Munich, is a startup offering the world’s first climate compensated parking application. Parkamo is helping solve urban congestion through an app that allows drivers to search, compare, and pay for available parking lots.
The funding round was led by Stockholm-based Aggregate Media (investor in Readly, Tibber and LeoVegas, among others), and with participation from the venture builder, EPTI, and family office, Allanova. The new investment will be used by Parkamo to grow its tech team as well as its core markets of Sweden and Germany. Parkamo is furthermore planning to deepen its partnerships with municipalities, parking app providers, and parking garage owners.
Parkamo has doubled its consumer base so far in 2021 with average month-on-month revenue growth of 48%, whilst parking space rentals via Parkamo have risen by 370%. The app is currently active in 20 European countries (including the UK, France, Germany, Spain, Italy, and the Nordics).
Katharina Wagner, co-founder and CEO of Parkamo comments: “We are extremely proud that Parkamo has experienced such a significant level of user engagement in 2021 and proven its value to our users and partners. Through their support, our investors validate the attractiveness and growth potential of our service and enable us to offer Parkamo to even more users around Europe. For Europe’s cities to thrive, urban parking must be made more efficient and sustainable, and Parkamo is enabling this to happen.”
Parkamo’s mission is to enable sustainable parking: constantly introducing new features to further this goal. An example being its “Find & Park” feature which helps drivers to identify areas with highest parking space availability, making use of exclusive parking spaces through its peer2peer parking program, and, last but not least, CO2 compensating for all parking done through the app.
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Information about EPTI
EPTI invests capital and operational support for companies, entrepreneurs and founders to build market-leading innovative companies under the motto “We Empower Innovation”. As a venture builder, this is done by adding experience from other founders, capital, resources, processes, state-of-the-art technology as well as commercial execution and marketing. EPTI also starts companies and joint ventures with driven co-founders and companies. The companies in EPTI’s portfolio are in the segments Gaming, Fintech, Marketplace, SaaS and Services. Since the start in 2017, a portfolio of more than 25 companies has been built up, of which the majority-owned companies comprise a total of approximately 200 coworkers in seven countries around Europe. EPTI is more than an investment company, it is partly an investment company and partly a service company. A venture builder for founders, by founders.
Information about Parkamo
Parkamo combines the inventory of both professional and private providers in one app and is like Booking.com for parking. Currently, Parkamo has already integrated eight parking apps, including Easypark, Parkster and ParkNow. It is already possible to park via Parkamo in 20 countries and about 4380 cities throughout Europe. Car park operators and their infrastructure providers are also among the partners. With every parking transaction Parkamo Green Parking donates a contribution to certified climate friendly projects and helps reduce CO2 emissions.
Parkamo was founded in 2019 by the Swedish company builder EPTI. CEO of Parkamo is Katharina Wagner. The head office is located in Munich.
For more information, see Venture’s website www.parkamo.com