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ParkMe Announces New Funding from Angeleno Group

Satellite Technology

Satellite Technology Feature Article

January 25, 2013

ParkMe Announces New Funding from Angeleno Group

By Raju Shanbhag, TMCnet Contributor

Getting a parking spot for your car in a busy area needs some luck. In fact, parking can easily be a game spoiler in your shopping or weekend experience. But companies like ParkMe help users in their parking endeavors by offering some technical help.

Angeleno Group, a Los Angeles-based private equity firm, has ‘parked’ some investments in ParkMe, a company that provides parking software solutions. This new funding from Angeleno Group will be used by the company to get more business in U.S. and around the world.

The company provides a real-time on-street parking solution that helps drivers find parking places a lot quicker. They can get parking alerts on their mobile and digital devices and also on their smartphones and in-car navigation systems. To do this, drivers do not need to deploy any additional hardware or equipment as the solution will make use of existing infrastructure.

The company’s solution allows the drivers to find best parking locations near the place of their choice. It even helps the parking operators by allowing them to easily prepare a map of the locations of their parking lots. On a larger scale, even municipalities can get a piece of the parking action as they can show real- time parking data to the interested users.

“The backing of high caliber investors like Angeleno Group, Fontinalis and IDG speaks directly to the magnitude of the opportunity that we are trying to address,” said Sam Friedman, CEO and co-founder of ParkMe.

"For years, drivers have lacked a technology solution to make finding and paying for parking a more seamless endeavor. Through its vast partner network of parking owners and operators as well as cities, ParkMe is empowering drivers with connectivity and real-time parking information that they've been without for far too long.”

Recently, the company introduced Colonial's new website location finder map and mobile app for iPhone (News - Alert).  

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.

Edited by Brooke Neuman

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