Munich-based parking sensor provider Cleverciti Systems has secured €10 million in fresh capital. The money comes from new investor EnBW New Ventures and former investor SPDG.
Cleverciti missing — unlike ParkHere — Parking spaces not with ground sensors, but with lampposts or building facades. The sensors deliver real-time parking data to parking operators, parking guidance systems, and to drivers via a smartphone app. The startup has been on the market since 2012 and has already implemented more than 30 projects in more than 15 countries. also win some competitions, including the first Munich Startup Award in 2016.
“We were impressed by the commitment and expertise of the Cleverciti team”
With the fresh capital, the company wants to expand its activities in the US, Europe and other international markets, says Cleverciti CEO Thomas Hohenacker.
Olivier Périer, CEO of investor SPDG, says:
"In keeping with our own entrepreneurial tradition, we invest globally in the development of disruptive solutions that have a positive and lasting impact on society. Cleverciti Systems, with its high level of expertise in this area, has shown us that they can do this—both through continuous research and development of the technology and through successful implementation of parking management solutions for parking operators and drivers."
Crispin Leick, Managing Director of EnBW New Ventures, praises the Munich startup:
"We were impressed by the commitment and expertise of the Cleverciti team led by Thomas Hohenacker, as well as the achievements made over the past two years together with SPDG."
The goal, according to Leick, is to build the company into a market leader.
