- Companies
- FLASH
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Mar 2022 | Undisclosed 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2023 | Seed | - | $3M | - | - |
| Mar 2022 | Undisclosed stage | Vista Equity Partners (lead); L Catterton | $250M | $1B | FLASH 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 2020 | Undisclosed stage | L 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 2016 | Seed | Austin 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jan 2020 | ||
| 1 | Lead | Mar 2022 | ||
This data is available for Pro users. Sign up to see all 4 FLASH investors. Start Free Trial | ||||
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Start Free TrialAcquisitions 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
| 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 Country | |||||
| HQ City | Nashville, TN | New York City, NY | Spokane, WA | Chicago, IL | |
| Deal Date | 22 Jun 2022 | 27 Apr 2022 | 15 Jul 2021 | 16 Jun 2021 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all FLASH acquisitions and their M&A valuation multiples. Start Free Trial | |||||
FLASH Competitors
FLASH competitors include listed companies like Wuxi Boton Technology and GuoChuang Software, and private ones like Platform Science, TuSimple, UISEE and Gatik.
| Company | HQ | Status | Revenue | EBITDA | Valuation |
|---|---|---|---|---|---|
| Publicly listed | $516M | $55M | $1.3B | ||
| Private | - | - | $575M | ||
| Private | - | - | $1B | ||
| Private | - | - | $1.1B | ||
| Private | - | - | $700M | ||
| Publicly 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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $124M | $29M | 7.5x | - | 32.3x | - | |||
| $220M | ($17M) | 4.8x | - | (60.4x) | - | |||
| $359M | $93M | 2.6x | 2.4x | 10.2x | 8.8x | |||
| $90M | ($52M) | 8.4x | - | (14.5x) | - | |||
| $159M | $47M | 2.7x | - | 9.2x | - | |||
| $622M | $30M | 1.6x | 1.7x | 32.7x | 13.8x | |||
| $64M | $63M | 14.1x | 13.3x | 14.3x | 15.7x | |||
| $18M | ($139M) | 54.7x | 35.6x | (7.1x) | (8.7x) | |||
This data is available for Pro users. Sign up to see all FLASH competitors and their valuation data. Start Free Trial | ||||||||
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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