FLASH Valuation, Funding & Investors

FLASH is valued at $1B as of March 2022.

See full FLASH profile

Last FLASH valuation

$1B

Undisclosed stage · Mar 2022

Last FLASH funding round

$3M

Seed · Oct 2023

Cumulative funding FLASH raised

$316M

across 4 funding rounds

Key investors in FLASH

  • L Catterton
  • Vista Equity Partners
  • Geekdom Fund
  • Austin Ventures

FLASH Overview

About FLASH

FLASH is an Austin, Texas-based provider of cloud-based parking management software, founded in 2011 as FlashParking before rebranding. Its platform helps parking garage operators optimize real estate and connected mobility through revenue control, enforcement, and reservation technology, and the company has grown through acquisitions including Ballparc, OmniPark, Parkonect, ParkIt, and Mountain Parking Equipment.


Founded

2011

HQ

United StatesAustin, TX

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Subscription

Valuation

$1B (Mar 2022)

FLASH Valuation

FLASH is currently valued at $1B, based on its undisclosed-stage round in March 2022.

The $250M round was led by Vista Equity Partners, with participation from L Catterton.

FLASH valuation by funding round

FLASH valuation by funding round
DateStageValuation
Mar 2022Undisclosed stage$1B

FLASH Funding History

FLASH has raised a total of $316M across 4 funding rounds.

FLASH's first fundraising round was a $3M seed round in November 2016. The most recent completed round was a $3M seed round in October 2023.

FLASH funding rounds

FLASH funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2023Seed-$3M--
Mar 2022Undisclosed stageVista Equity Partners (lead); L Catterton$250M$1BFLASH is a cloud-based parking software platform focused on connected mobility, helping parking garage operators optimize real estate through technology. In Q1 2022, specifically around March, Vista Equity Partners' Foundation Fund led a strategic growth investment of over $250 million in FLASH, with L Catterton also participating as an investor. The funding aims to accelerate FLASH's growth via production expansion, enhanced customer service, and team building. The round positions FLASH as a leader in cloud parking software and mobility transformation, targeting the large parking industry market. FLASH, based in Austin, had previously raised tens of millions prior to this sizable round, indicating building momentum in parking tech. The investment reflects Vista's focus on enterprise software and tech-enabled services.
Jan 2020Undisclosed stageL Catterton (lead)$60M-FlashParking, an Austin-based parking technology company founded in 2011, raised $60 million from L Catterton's Growth Fund on January 15, 2020. The company provides parking management software and services, including real-time data, variable pricing, payment processing, and monitoring for parking space providers. It positions itself as enabling 'mobility hubs' that extend beyond traditional parking to include electric vehicle charging, vehicle servicing, cleaning, drone operations, and ride-hailing integration. FlashParking operates across the U.S. where paid parking exists, managing 30,000 parking spaces in 34 facilities at the Texas Medical Center alone, with 6 million monthly customers using its services. Prior to this round, FlashParking had raised less than $5 million across earlier rounds, including a $1.25 million Series A in 2012 and $3 million in 2016 from investors like Austin Ventures and Geekdom Fund. The company reported 100% year-over-year growth for approximately seven years and achieved profitability about two years before the 2020 round. It employed around 150 people at the time and planned to double its workforce with the new capital to expand in current markets and enter new ones, targeting 40% of the U.S. parking market within three to five years. The investment was strategic, advised by BofA Securities, supporting FlashParking's vision to transform parking garages into multifunctional hubs for future mobility solutions involving autonomous vehicles and multi-modal transportation.
Nov 2016SeedAustin Ventures; Geekdom Fund$3M--

Who has invested in FLASH?

4 investors have backed FLASH across its funding rounds, including L Catterton, Vista Equity Partners, Geekdom Fund and Austin Ventures.

Lead investors include Vista Equity Partners and L Catterton.


FLASH Investors

Investors in FLASH by funding rounds participated
InvestorHQRoundsRoleFirst check
L CattertonUnited StatesGreenwich, CT2LeadJan 2020
Vista Equity PartnersUnited StatesAustin, TX1LeadMar 2022

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Acquisitions by FLASH

FLASH has acquired 9 companies to date.

Last acquisition by FLASH was on June 22nd 2022. FLASH acquired Ballparc for undisclosed valuation.


Latest Acquisitions by FLASH

Ballparc
Ticketech International, Ltd
OmniPark
Parkonect
Description
Ballparc is a Nashville-headquartered developer of cloud-based parking management software founded in 2012. Its suite includes mobile apps for payments, enforcement, and operations analytics used by operators in the United States. Ballparc emerged from the Nashville Entrepreneur Center accelerator and receives backing from Bullpen Ventures and ParkIT Ventures, with memberships in the International Parking Institute.
Ticketech International is a Clearwater-headquartered developer of parking management systems for valet and attended garages across the United States. With over 100 years of team experience, it deploys custom hardware and software for facilities at airports, hotels, and stadiums like Yankee Stadium, integrating revenue control, permit tracking, and audit reporting.
OmniPark is a cloud-based parking management software suite for operators and property owners. Denver-headquartered, it offers modules for reservation systems, payment processing, and license plate recognition integrated with hardware from Nedap and Amano. The platform tracks over 1 million spaces across North American lots, enabling dynamic pricing and mobile apps. Launched in 2015, OmniPark serves universities, airports, and urban garages.
Parkonect is a provider of IoT-based parking hardware including complete systems, barcode readers, license plate recognition cameras, and cloud control platforms. The company equips lots with automated entry, payment, and monitoring solutions for commercial and residential use across Asia.
HQ CountryUnited StatesUnited StatesUnited StatesUnited States
HQ City
Nashville, TN
New York City, NY
Spokane, WA
Chicago, IL
Deal Date22 Jun 202227 Apr 202215 Jul 202116 Jun 2021
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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FLASH Competitors

FLASH competitors include listed companies like Wuxi Boton Technology and GuoChuang Software, and private ones like Platform Science, TuSimple, UISEE and Gatik.

Public and private companies comparable to FLASH
CompanyHQStatusRevenueEBITDAValuation
Wuxi Boton TechnologyChinaChinaPublicly listed$516M$55M$1.3B
Platform ScienceUnited StatesSan Diego, CAPrivate--$575M
TuSimpleUnited StatesSan Diego, CAPrivate--$1B
UISEEChinaBeijingPrivate--$1.1B
GatikUnited StatesSan Francisco, CAPrivate--$700M
GuoChuang SoftwareChinaChinaPublicly listed$220M($17M)$960M

FLASH Public Comps

FLASH is still privately-owned, but its public comps include Keytop Parking, GuoChuang Software, Ituran Location & Control, Beijing eGova, Jiangsu Tongxingbao, JSTI, Indian Energy Exchange, Aeva, Arcadyan Technology and JANAF.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Keytop Parking$124M$29M7.5x-32.3x-
GuoChuang Software$220M($17M)4.8x-(60.4x)-
Ituran Location & Control$359M$93M2.6x2.4x10.2x8.8x
Beijing eGova$90M($52M)8.4x-(14.5x)-
Jiangsu Tongxingbao$159M$47M2.7x-9.2x-
JSTI$622M$30M1.6x1.7x32.7x13.8x
Indian Energy Exchange$64M$63M14.1x13.3x14.3x15.7x
Aeva$18M($139M)54.7x35.6x(7.1x)(8.7x)

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Common questions about FLASH

When was FLASH founded?FLASH was founded in 2011.
Where is FLASH headquartered?FLASH is headquartered in Austin, TX, United States.
Is FLASH publicly listed?No, FLASH is a private, VC-backed company.
What is FLASH's valuation?FLASH was last valued at $1B in its undisclosed-stage round in March 2022.
How much funding has FLASH raised?FLASH has raised $316M across 4 funding rounds.
What was FLASH's last funding round?FLASH's last funding round was a $3M seed round in October 2023.
Who are FLASH's investors?FLASH's investors include L Catterton, Vista Equity Partners, Austin Ventures and Geekdom Fund.
Which companies are comparable to FLASH?Companies comparable to FLASH include Wuxi Boton Technology, Platform Science, TuSimple, UISEE, Gatik and GuoChuang Software.
How many companies has FLASH acquired?FLASH has acquired 9 companies, including Ballparc, Ticketech International, Ltd, OmniPark, Parkonect and ParkIt.

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