Start-up ParkBee, that opens up unused private car parks to the public, has announced it closed €5 million in funding, to scale up its business in the UK. Statkraft Ventures led the funding round with participation of existing investors.
When driving to a busy town like Amsterdam, public parking is so limited that it takes the driver on average 15 minutes to find a space, creating congestion, and increasing CO2 emissions. This imbalance led co-founders Jian Jiang and Tom Buchmann to the idea of ParkBee in 2013.
Parkbee who has successfully completed the Climate-KIC Accelerator program in 2017, developed the smart technology to connect unused private parking with the public, such as office buildings, hotels or shopping centres. This smart technology makes it possible to open park barriers through a cloud based platform.
In 2015, ParkBee partnered up with Parkmobile and together they made parking easier and more affordable at 36 locations in the Netherlands. In 2016, the user base increased along with the users of RingGo.
After a successful first year in the Netherlands, the team is bringing affordable and accessible parking at premium spots to the UK and opened a new office in London in October 2016.
The EUR 5 million investment will ensure the company scales in London, making it possible for further UK expansion in the near future. This funding round guarantees the UK team to grow from 10 full-time employees to 25 in the coming months, solidifying a successful entry in the UK market.
About Statkraft Ventures
Statkraft Ventures GmbH is a European Venture Capital fund working with exceptional entrepreneurs disrupting the energy sector. The company is exit-driven and backed by the Statkraft Group, Europe’s largest producer of renewable energy. Statkraft Ventures invests on common financial Venture Capital terms. The company operates in an evergreen structure with EUR 10 million to invest each year.
Read more about ParkBee here.
About Climate-KIC Accelerator
Are you inspired by ParkBee and want to scale up your business? Apply now for the next round of the Climate-KIC Accelerator Programme.
- Do you have a breakthrough idea related to new technology with substantial climate impact?
- Is your motivation to achieve global success?
- Do you have a co-founder in your team?
- We fund with grants up to 75.000
- We offer entrepreneurship eduction
Registration for the Climate-KIC Accelerator is open until 21 March 2018 – 17:00 pm.
The Accelerator Team