Parking kiosk technology receives $2M seed funding
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Indianapolis-based Parker Technology has closed on a $2.2 million seed round it says will help the software and services company to scale operations. The technology is used by parking garages to provide customer support at automated payment kiosks.
The company says its service puts the human touch back into an automated situations when, for instance, a parking gate may not open.
This funding round was led by Indianapolis-based Elevate Ventures and several other investors.
“It’s humbling to have such enthusiastic and tangible support from existing and new shareholders for the future of our business,” said Brian Wolff, president and chief executive officer of Parker Technology. “This capital infusion is critical to enabling Parker to accelerate our already stellar growth and solidify our position as an innovative leader in the digital transformation of the parking industry.”
Wolff says the influx of capital will allow him to accelerate sales and marketing efforts. The technology is already used by several university systems, including Indiana University, and several cities across the U.S.