A firm that offers intelligent parking solutions, ParkMate, has announced that We Founder Circle (WFC) leading the seed round. Through the support of We Founder Circle’s EvolveX, a worldwide accelerator programme, ParkMate has raised undisclosed funding.
The money raised will be put to use for hiring talent in a variety of profiles and growing the company’s personnel. It also plans to spend a portion of the new cash to fortify the solution’s technological foundation.
Founded in 2021, ParkMate is a Smart Parking Solution that gives a seamless parking experience to the user and businesses.
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“The ParkMate team and subscribers are thrilled to have WFC as a strategic investing partner. Our technology and innovation are what we believe in, and now with WFCs guidance, we are sure to grow in the right direction. We are confident that this investment will pay off and contribute to our mission and help us scale quickly,” said Dhananjaya Bharadwaj, co-founder and CEO, ParkMate.
Users of ParkMate’s parking solution can input the destination credentials they wish to visit, and when they arrive at the parking location, a dedicated parking attendant from ParkMate is on there to provide assistance.
“We are delighted to have invested in ParkMate, which has demonstrated the ability to solve the saturation problem of parking spaces due to disproportionate demand and supply. Most Indian cities have unmanaged and haphazard parking, forcing citizens to park any type of vehicle in any location and in any direction. With ParkMate’s solutions, the parking system can be altered in a significant way, providing considerable benefits to society. At WFC, we promise to assist the startup in all phases of development including business strategy, community building and connecting with skilled business mentors,” Bhawna Bhatnagar, co-founder, We Founder Circle.
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ParkMate is an app-based company that saves its users the stress of searching for parking for their cars. Customers of ParkMate have the option of “Ordering a Valet” at any chosen location. The only thing the customer needs to do is travel to their location; ParkMate will handle the rest. the pick-up and delivery of the customer’s car to the closest parking. Through the app, the user will also be able to track their vehicle.
About We Founder Circle
We Founder Circle helps early-stage startups flourish and succeed with fundraising and global startup community. Founded in 2020, WFC began with a simple idea—successful founders backing new founders drive innovation. Due to its belief that early-stage entrepreneurs require more than simply financial help to become scalable and stable, WFC offers seed investment, business growth, and international networking opportunities to startups.