With its latest equity crowdfunding campaign on Crowdcube set to close tomorrow evening, UK-based parking innovator JustPark has raised more than £2.6 million from over 2250 investors. The company launched the initiative late last month seeking £1.5 million, which was achieved within a matter of days.
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 launch, JustPark has more than 650,000 registered users and over 150,000 parking spaces. The company raised over £3.5 million from more than 2,700 investors through its first Crowdcube campaign in 2015.
“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. From offices to council parking bays, commercial car parks to driveways – our industry-leading technology unlocks underutilised space for drivers and helps the biggest names in property manage their assets more effectively.”
Recently, the company shared details about its growth and development over the past year:
“As we near the end of 2017, we’re thrilled to share that growth continues to accelerate – with contracts won across both public and private sectors, alongside our new and improved products, helping drive usage of The Parking App to new heights. We expect this trend to progress into the New Year – as we finish rolling-out our mobile payments service across Cornwall and launch in Central Bedfordshire; build more partnerships with the biggest names in property and expand into retail and continue to improve and innovate technologically to ensure our products remain leaders in the industry.”
All funds from the latest Crowdcube round will go towards expansion along with accelerating sales team growth, marketing, product and development capabilities, and international growth.
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