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

Parking Cloud Overview

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

South KoreaSeoul

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

Parking Cloud funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2022Series DNHN Investment (lead); SK E&S (lead)$83MParking 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 2021Series CHistory Venture Investment (lead); Jun ho Lee$22M-
Nov 2020Series BKorea Asset Inv Secs Co; History Venture Investment$3M-
Feb 2018Series BSK Networks$3MParking 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 2017Series BHB Investment; Alpen Route Asset Management$14M-
Jan 2016Series AD3 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

Investors in Parking Cloud by funding rounds participated
InvestorHQRoundsRoleFirst check
History Venture InvestmentSouth KoreaSeoul2LeadNov 2020
Korea Asset Inv Secs CoSouth KoreaSouth Korea1ParticipantNov 2020
D3 JubileeSouth KoreaSeoul1ParticipantJan 2016
SK NetworksSouth KoreaSouth Korea1ParticipantFeb 2018
HB InvestmentSouth KoreaSeoul1ParticipantJul 2017
Alpen Route Asset ManagementSouth KoreaSeoul1ParticipantJul 2017
NexenSouth KoreaSeoul1ParticipantJan 2016
NHN InvestmentSouth KoreaSeoul1LeadFeb 2022

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Parking 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.

Public and private companies comparable to Parking Cloud
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Full Truck AllianceChinaChinaPublicly listed$1.9B$676M$8.4B2.8x
FlexportUnited StatesSan Francisco, CAPrivate$471M-$8B-
WiseTech GlobalAustraliaAustraliaPublicly listed$779M$315M$7.6B6.8x
Zhuzhou CRRC TimesChinaChinaPublicly listed$4.3B$710M$7.5B1.8x
Descartes Systems GroupCanadaCanadaPublicly listed$729M$305M$6.8B8.1x
KplerBelgiumBrusselsPrivate$300M-$3.7B12.3x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Roper Technologies$7.9B$3.2B6.1x5.7x15.2x14.6x
Dassault Systemes$7.2B$2.2B4.0x4.0x13.2x11.2x
Manhattan Associates$1.1B$288M11.2x10.6x42.2x29.7x
Full Truck Alliance$1.9B$676M2.8x2.8x7.6x6.9x
WiseTech Global$779M$315M12.3x6.8x30.5x14.4x
Zhuzhou CRRC Times$4.3B$710M1.9x1.8x11.2x8.5x
Descartes Systems Group$729M$305M8.8x8.1x21.1x17.7x
WEX$2.7B$992M2.2x2.1x6.0x4.8x

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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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