This article appears to contain a large number of buzzwords .(July 2018) |
Company type | Privately held company |
---|---|
Industry | Software, hardware |
Founded | 2013 |
Founders | Umut Tekin [1] Ari Ojalvo [2] |
Headquarters | Miami, Florida, U.S. |
Area served | United States & United Kingdom |
Key people | Philippe Saint-Just (CTO) [3] George Fallica (CRO) |
Number of employees | 15,000 |
Website | parkjockey |
ParkJockey is an American parking revenue and access control startup that allows the real estate owners or operators to streamline parking operations using smart software and hardware technologies and data APIs. On the consumer-facing front, the company has developed a payment terminal kiosk for parking as well as a mobile application to search and pay for parking spaces.
ParkJockey partners with organizations such as Ticketmaster, [4] Hertz, [5] the Miami Heat, [6] and provides parking at venues including the Rose Bowl, [7] the US Bank Stadium, [7] Camping World Stadium and the FTX Arena.
ParkJockey was co-founded by two former management consultants in Chicago. Having diagnosed a number of inefficiencies in the parking industry, they lay the foundation of ParkJockey with a website for paying for off-street parking spaces. [8] In 2013, ParkJockey raised $1.8 million in angel investment to develop a mobile app and has formally launched its services later in the year. [9] Seeing a potential for growth in Europe, ParkJockey launched its London office in 2014 to serve all of the U.K. market. [10]
Since then, the company has undergone further investment rounds and has grown to become a B2B real estate technology platform offering landlords and parking operators hardware and software to manage and optimize parking operations, [11] including big data services. [12]
It is headquartered in Miami, with operations across the U.S. and the U.K. [13]
On December 3, 2018, financial and technology news media reported that Softbank Group and Mubadala have recently bought stakes in ParkJockey, primarily to finance planned acquisitions of parking lot operators, with the total investment amount approximated to be between $800 million and $1 billion. [14] [15] [16] [17] [18] [19]
ParkJockey changed their name to REEF technology in 2019. [20]
Ticketmaster
In January 2015, ParkJockey announced a partnership with the largest ticket sales company, Ticketmaster. The exclusive partnership is currently limited to the U.K. market. [4]
Miami Heat and FTX
In December 2014, ParkJockey became the official parking provider for the NBA franchise [21] HEAT Group. For all Miami HEAT games and other events (e.g., concerts) at the FTX Arena, ParkJockey provides parking spaces in advance. [22] [23] [24]
PaybyPhone
ParkJockey and PayByPhone (subsidiary of PayPoint, LSE: PAY) [25] announced a mutually exclusive partnership in late 2015. The companies decided to blend their services in order to provide better assistance for their customers. [26]
ResDiary
ResDiary, online reservations system, partnered with ParkJockey in 2015. ParkJockey provides parking for the customers who book their restaurant reservations through ResDiary. [27]
Odeon Cinemas
ParkJockey partnered with Odeon Cinemas in 2014. The company offers parking for Odeon customers who would like to have their parking space reserved along with their cinema tickets. [28]
ParkJockey has made financial contributions to Phil Collins' Little Dreams Foundation and The Gurkha Welfare Trust, [29] and supported the It Gets Better Project during the 2015 Pride Week. [30]
Kaseya Center is a multi-purpose arena on Biscayne Bay in Miami, Florida. The arena is home to the Miami Heat of the National Basketball Association. The arena was previously named American Airlines Arena from opening in 1999 until 2021, FTX Arena from 2021 until 2023 following the bankruptcy of FTX, and Miami-Dade Arena during an interim period in 2023. Since April 2023, the naming rights to the arena are owned by Kaseya under a 17-year, $117.4 million agreement.
SoftBank Group Corp. is a Japanese multinational investment holding company headquartered in Minato, Tokyo, Japan which focuses on investment management. The group primarily invests in companies operating in technology that offer goods and services to customers in a multitude of markets and industries ranging from the internet to automation. With over $100 billion in capital at its onset, SoftBank's Vision Fund is the world's largest technology-focused venture capital fund. Fund investors included sovereign wealth funds from countries in the Middle East.
A parking lot or car park, also known as a car lot, is a cleared area intended for parking vehicles. The term usually refers to an area dedicated only for parking, with a durable or semi-durable surface. In most jurisdictions where cars are the dominant mode of transportation, parking lots are a major feature of cities and suburban areas. Shopping malls, sports stadiums, and other similar venues often have immense parking lots.
Sequoia Capital Operations, LLC is an American venture capital firm headquartered in Menlo Park, California which specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. As of 2022, the firm had approximately US$85 billion in assets under management.
Benchmark is a venture capital firm founded in 1995 by Bob Kagle, Bruce Dunlevie, Andy Rachleff, Kevin Harvey, and Val Vaden.
Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.
Impark (Imperial Parking Corporation) is one of the largest parking management companies in North America, operating approximately 3,400 parking facilities with 9,000 employees in more than 240 cities across the United States and Canada.
JustPark is a technology platform that matches drivers with parking spaces through its website and mobile application. JustPark, previously known as ParkatmyHouse, was founded in London in 2006 by Anthony Eskinazi.
WeWork Inc. is a provider of coworking spaces, including physical and virtual shared spaces, headquartered in New York City. As of December 31, 2022, the company operated 43.9 million square feet (4,080,000 m2) of space, including 18.3 million square feet (1,700,000 m2) in the United States and Canada, in 779 locations in 39 countries, and had 547,000 members, with a weighted average commitment term of 19 months.
Zettle by PayPal is a Swedish financial technology company founded by Jacob de Geer and Magnus Nilsson in April 2010. Launching its first app and service in 2011, the company offers a range of financial products including payments, point of sales, funding and partners applications. The company was acquired by PayPal in 2018.
CoinDesk is a news site specializing in bitcoin and digital currencies. Founded by Shakil Khan, the firm also provides guides to bitcoin for those new to digital currencies.
AppyWay is a technology company that provides parking apps and services for drivers. It was founded in London in 2013 by Dan Hubert initially under the name of Yellow Line Parking. It produces software that shows on-street and off-street parking options in major cities in the UK. The app is available on both Android and iOS. There is also a paid-for enterprise app, AppyParking Pro, which is a software as a service aimed at businesses with fleets.
SpotHero is a digital parking marketplace that connects drivers looking to reserve and pay for parking spaces with parking lots, parking garages and valet services. The company, which operates a mobile app and website as well as a parking developer platform, is available in over 300 cities in the United States and Canada. The company is based in Chicago, Illinois.
Two Toasters is a mobile design and development company based in North Carolina, with offices in New York. They provide iOS and Android application development and strategy.
Paytm is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida, India. Paytm was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. The company offers mobile payment services to consumers and enables merchants to receive payments through QR code payment, Soundbox, Android-based-payment terminal, and online payment gateway. In partnership with financial institutions, Paytm also offers financial services such as microcredit and buy now, pay later to its consumers and merchants.
Passport is a Charlotte, North Carolina-based curb management payment service provider and software company.
5ecret 5tar Inc, doing business as Luxe, was a business that developed, marketed and operated the Luxe mobile app, an on-demand parking and car services mobile application. Using Luxe, customers could submit a request to have their car parked, fueled, washed, charged, serviced or driven home by the company's valets. Luxe was acquired by Volvo Cars in September 2017.
PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016.
VugaPay is a cross-platform payment service owned by Vuga Ltd, a Rwandan company. It allows businesses and users to transfer money across major payment systems, including credit card networks, mobile money and Bitcoin via an application programming interface, unstructured supplementary service data interface, a mobile phone app, or a web interface. It processed over 5 million transactions in 2016. As of December 2016, VugaPay offers instant payments to and from 40 different mobile money networks/carriers in Rwanda, Kenya, Uganda, Niger, Malawi, Congo Democratic Republic, Ghana, Tanzania and Zambia.
bKash is a mobile financial service (MFS) in Bangladesh operating under the authority of Bangladesh Bank as a subsidiary of BRAC Bank PLC. This mobile financial service company started as a joint venture between BRAC Bank Limited, and Money in Motion LLC.