Parkdepot develops customized solutions for fully automated parking management in both unpaid and paid parking spaces based on image recognition technology with artificial intelligence. The core of the solution is the digitalization of the entire parking process, from license plate recognition to billing. The solution from the company, founded in 2019, aims to make parking discs, inspectors, and barrier systems obsolete. Furthermore, the system is designed to enable detailed usage analysis of parking spaces, allowing unused capacity to be identified and offered for rental.
According to its own information, Parkdepot currently processes over 1 million parking transactions per day. Customers of the startup These include grocery retailers, parking garage owners, real estate companies, shopping centers, hotels, and clinics. After expanding into the DACH region in 2021, the Munich-based company expanded into Poland, Denmark, and Italy this year. With the capital now raised, the startup aims to drive international expansion and further product development. The €15 million Series A funding comes from existing investor HenQ, as well as Surplus Equity Partners and Armira Growth.
Jakob Bodenmüller, founder and co-CEO of Parkdepot explains:
"The successfully completed financing round is an important milestone for us. With Surplus Equity Partners, Armira Growth, and our existing investor HenQ, we have the ideal partners at our side for the next growth phase. We are pleased with the additional support from the investors and view their commitment as a strong vote of confidence in our ambitious growth strategy. We are currently observing a massive trend toward camera-based parking technology and are convinced that in five to ten years, the majority of all European parking spaces will be managed digitally."
Investors attest to “enormous progress” at the parking depot
Mick Mackaay, partner at HenQ, is pleased about the intensification of the collaboration:
“Following our initial investment in 2021, the team has made tremendous progress in acquiring relevant enterprise customers, expanding into additional countries, and broadening the product range to include new paid parking solutions.”
And Sebastian Lüdke, Founding Partner and Managing Director of Surplus Equity Partners, adds:
"With the Parkdepot solution, multifunctional spaces can be created and activated in valuable inner-city locations that go beyond 'traditional parking.' Parkdepot will play a leading role in Europe in the management of such spaces, creating added value for society at large."
Yukio Iwamoto, founder and co-CEO of Parkdepot, says:
"The last three years have been characterized by unprecedented social challenges. We owe our success this far primarily to our unique team. In addition to investments in international growth and product innovations, the capital raised offers the opportunity to allow employees to benefit from the increased company value today through the repurchase of shares. Thus, this financing round also serves as a token of appreciation to our employees, who have accompanied us to this point and who will continue to contribute significantly to Parkdepot's success in the future."
