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- Parking Cloud
Parking Cloud Funding, Investors & Competitors
Parking Cloud has raised $126M across 6 funding rounds, most recently a $83M Series D in February 2022.
Last Parking Cloud funding round
$83M
Series D · Feb 2022
Cumulative funding Parking Cloud raised
$126M
across 6 funding rounds
Key investors in Parking Cloud
History Venture Investment
HB Investment
D3 Jubilee
Korea Asset Inv Secs Co
NHN Investment
SK Networks
Alpen Route Asset Management
SK E&S
About Parking Cloud
Parking Cloud is a South Korea-based cloud platform for smart parking management, offering reservation, payment, and IoT sensor integrations for urban lots. The service operates through iparking.co.kr, connecting drivers with real-time availability in Seoul and other cities.
Founded
2009
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Parking Cloud Funding History
Parking Cloud has raised a total of $126M across 6 funding rounds.
Parking Cloud's first fundraising round was a $800K Series A in January 2016. The most recent completed round was a $83M Series D in February 2022.
Parking Cloud funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2022 | Series D | NHN Investment (lead); SK E&S (lead) | $83M | Parking Cloud received a Corporate Minority - II investment of $83.76M on February 9, 2022, from NHN and SK E&S. The company is operated through joint management and investment by SK E&S and NHN, and is classified as an SK Group affiliate. |
| Mar 2021 | Series C | History Venture Investment (lead); Jun ho Lee | $22M | - |
| Nov 2020 | Series B | Korea Asset Inv Secs Co; History Venture Investment | $3M | - |
| Feb 2018 | Series B | SK Networks | $3M | Parking Cloud is a mobility ecosystem company that designs and develops parking management systems and solutions using AI technology. The company commercialized an AI-based unmanned smart parking system in 2015 and operates the iParking mobile app and hardware/software suite to increase operational efficiency for parking lot operators. As of the time of the most recent information available, Parking Cloud had approximately 1 million daily active users and accumulated approximately 650 million user interactions since its first parking lot opened. |
| Jul 2017 | Series B | HB Investment; Alpen Route Asset Management | $14M | - |
| Jan 2016 | Series A | D3 Jubilee; Nexen | $800K | - |
Who has invested in Parking Cloud?
10 investors have backed Parking Cloud across its funding rounds, including History Venture Investment, HB Investment, D3 Jubilee, Korea Asset Inv Secs Co, NHN Investment and SK Networks.
Lead investors include NHN Investment, SK E&S and History Venture Investment.
Parking Cloud Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Nov 2020 | ||
| 1 | Participant | Nov 2020 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Participant | Feb 2018 | ||
| 1 | Participant | Jul 2017 | ||
| 1 | Participant | Jul 2017 | ||
| 1 | Participant | Jan 2016 | ||
| 1 | Lead | Feb 2022 | ||
This data is available for Pro users. Sign up to see all 10 Parking Cloud investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialParking Cloud Competitors
Parking Cloud competitors include listed companies like Full Truck Alliance, WiseTech Global, Zhuzhou CRRC Times and Descartes Systems Group, and private ones like Flexport and Kpler.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $1.9B | $676M | $8.4B | 2.8x | ||
| Private | $471M | - | $8B | - | ||
| Publicly listed | $779M | $315M | $7.6B | 6.8x | ||
| Publicly listed | $4.3B | $710M | $7.5B | 1.8x | ||
| Publicly listed | $729M | $305M | $6.8B | 8.1x | ||
| Private | $300M | - | $3.7B | 12.3x |
Parking Cloud Public Comps
Parking Cloud is still privately-owned, but its public comps include Roper Technologies, Dassault Systemes, Manhattan Associates, Full Truck Alliance, WiseTech Global, Zhuzhou CRRC Times, Descartes Systems Group, WEX, ServiceTitan and EquipmentShare.com.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7.9B | $3.2B | 6.1x | 5.7x | 15.2x | 14.6x | |||
| $7.2B | $2.2B | 4.0x | 4.0x | 13.2x | 11.2x | |||
| $1.1B | $288M | 11.2x | 10.6x | 42.2x | 29.7x | |||
| $1.9B | $676M | 2.8x | 2.8x | 7.6x | 6.9x | |||
| $779M | $315M | 12.3x | 6.8x | 30.5x | 14.4x | |||
| $4.3B | $710M | 1.9x | 1.8x | 11.2x | 8.5x | |||
| $729M | $305M | 8.8x | 8.1x | 21.1x | 17.7x | |||
| $2.7B | $992M | 2.2x | 2.1x | 6.0x | 4.8x | |||
This data is available for Pro users. Sign up to see all Parking Cloud competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Parking Cloud
| When was Parking Cloud founded? | Parking Cloud was founded in 2009. |
| Where is Parking Cloud headquartered? | Parking Cloud is headquartered in Seoul, South Korea. |
| Is Parking Cloud publicly listed? | No, Parking Cloud is a private, VC-backed company. |
| How much funding has Parking Cloud raised? | Parking Cloud has raised $126M across 6 funding rounds. |
| What was Parking Cloud's last funding round? | Parking Cloud's last funding round was a $83M Series D in February 2022, led by NHN Investment and SK E&S. |
| Who are Parking Cloud's investors? | Parking Cloud's investors include History Venture Investment, Korea Asset Inv Secs Co, D3 Jubilee, SK Networks, HB Investment, Alpen Route Asset Management, Nexen, NHN Investment, Jun ho Lee and SK E&S. |
| Which companies are comparable to Parking Cloud? | Companies comparable to Parking Cloud include Full Truck Alliance, Flexport, WiseTech Global, Zhuzhou CRRC Times, Descartes Systems Group and Kpler. |
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