PALO ALTO, Calif. (PRWEB) August 07, 2018
Pied Parker, a shared economy parking IT application, is raising $3 million. This funding is intended to power technology that is completely ahead of the curve, to bring drivers and space owners together within a virtual market place to ease parking demand and promote passive revenue, while reducing traffic and pollution.
The raising of this capital comes with the support of Act 5 Ventures and Podium Advisors due to great interest in Pied Parker’s investment traction to date. The raised funds will be put towards expanding Pied Parker’s sales and operations infrastructure with direct focus on engineering, marketing, product development and US market expansion.
In coordination with experienced entrepreneur and angel investor, Peter Henry, Act 5 Ventures specializes in raising capital for startups ranging from Seed Funding to Series A. Henry has successfully founded over a dozen companies and emphasizes his ability to raise and increase early stage investment through a trademarked Act 5 Smart Syndication process.
Podium Advisor’s CEO and experienced entrepreneur Bryan Hoadley stated, “Pied Parker has the opportunity to remove one of the biggest headaches facing our booming economy by reducing roadway congestion and making parking seamless.” Bryan continues, “The Pied Team has the focus to execute on the strategy and vision we have developed and deliver the app’s unique value propositions in this shared economy marketplace.”
According to Pied Parker CEO and Co-Founder, Gianni Maxemin, “Peter and Bryan have been true angels when it comes to their advisory and I am confident in this alliance with their firms. This is the ideal investment, networks, and advisory partnership to drive growth.”
Act 5 Ventures and Podium Advisor will aid Pied Parker’s world-class advisory team made up of successful Silicon Valley and Texas-based entrepreneurs, engineers and key-influencers in parking technology. Pied Parker looks forward to making the app available to Silicon Valley citizens for the final sprint in rolling out beta and the finished product.
Pied Parker is the latest shared economy parking solution, promising users a better pricing, proximity, and predictability. The app connects people searching for parking with the unused parking spot listed by their owners or renters. From driveway and assigned office spots to underutilized parking garages and commercial spaces, Pied Parker's user-friendly interface allows users to schedule parking on a self-regulated system. Featuring predictive analytics, Pied Parker allows users to find parking before getting to their desired destination. This environmentally conscious parking app, aims to clean up traffic jammed streets while providing land-owning and renting parking space users an asset to profit from. The app learns from user behavior and automates the parking process, essentially becoming a user's official “parking assistant."
Podium Advisors serves as the external change agent to help organizations progress from an often-entrenched tactical mindset into proactive strategic thought leaders. Podium’s aim is to drive long-term revenue growth by providing tools and enabling processes that will help scale knowledge, value and strategic thinking.
Act 5 Ventures provides streamlined access to capital as well as direct investment for early-stage companies. Act5 does this by providing smart syndication leadership, bringing the most appropriate investors together, and bring additional value in the form of resources, connections, and fit with present and future investors.