With its latest Crowdcube campaign set to close in two weeks, UK-based parking innovator JustPark has secured nearly £2.1 million from over 1800 investors.
As previously reported, JustPark was founded by entrepreneur Anthony Eskinazi and is seeking to lead the disruption of the £50 billion global parking market by allowing its customers to book off-street parking spaces online wherever and whenever they need them. Since its debut, the company has over 650,000 registered users and over 150,000 parking spaces. It is backed by BMW and international venture capital firm Index Ventures. The company revealed:
“We help 1.5 million registered drivers find parking in seconds – with real-time information on availability, restrictions and price for 1.4 million spaces. Drivers can even reserve and pay for a guaranteed space at 20,000+ locations via our award-winning apps.”
Speaking about the Crowdcube campaign’s success so far, the JustPark team stated:
“We’re thrilled to announce that today our crowdfunding campaign has passed the £2m mark – with over 1,700 investors having now pledged towards the round! We’re humbled by the level of support shown and incredibly grateful to those who have invested – and we’re very excited about what the future holds for everyone involved with the business. It’s a pleasure to have you join us on the JustPark journey, and we can’t wait to welcome our new members into our 2,700-strong investor community.”
All funds from the latest funding round will go towards expansion along with accelerating sales team growth, marketing, product and development capabilities, and international growth. It is currently set to close at the end of December.
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