French/Dutch parking startup Mobypark has recently raised a fresh EUR500k in funding and shared its progress since graduating from Startupbootcamp’s NFC program. They also announce a partnership with MyOrder (Rabobank), as well as the expansion of their team.
Mobypark was originally founded in the summer of 2013 in Paris, France, by Yoann Benhacoun. His idea was to disrupt the parking industry by applying an AirBnB like system to parking. Those with excess parking, both consumers and businesses, can offer up these spots to drivers looking for space. This system increases revenues for those with excess capacity, while it lowers parking cost (or increases convenience) to the drivers.
Yoan made the jump to Amsterdam in September 2013 to join the NFC & Contactless accelerator of Startupbootcamp. Since then the team have managed to add over 500 spots in Amsterdam as well as over 350 locations in Paris.
During the program Mobypark raised an initial EUR100,000 in angel funding to cover initial operations. Today it announced a further EUR0.5m in funding, bringing their total to EUR600,000 to date. Funders in this round are two undisclosed family offices from the Netherlands and Belgium, who met Mobypark at Startupbootcamp’s Demoday.
The new funding, as well as the milestones achieved, have allowed for an expansion of the team and a redesign of the product. The young startup also drew the attention of MyOrder, an order and pay Application from Rabobank, resulting in a recent partnership. Aim of the partnership is to further improve the experience of drivers around parking.
Photo by Pieter van Marion (creative commons via Flickr)