Parco
The 360 app for shopping centers, brands and parking lots.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor investor investor | €0.0 Valuation: €0.0 | round | |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 Valuation: €0.0 3.4x EV/Revenue | round | |
N/A | - | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 400 % | 28 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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In 2012, two visionary entrepreneurs, Itai David and Tomer NeuNer, embarked on a mission to tackle one of the most frustrating urban challenges: finding a parking spot. They founded Parco, a crowd-sourced solution designed to ease the parking woes of city dwellers. The app quickly gained traction by leveraging real-time data to help users locate available parking spaces, transforming the urban commuting experience.
Parco's innovative approach caught the attention of investors, and in 2013, the company raised $500,000 in a funding round that fueled its growth and development. This financial boost allowed Parco to enhance its technology and expand its user base, solidifying its position in the competitive landscape of mobility solutions.
As Parco continued to evolve, it attracted interest from larger players in the industry. In a significant milestone, the company was acquired in 2025, marking a new chapter in its journey. This acquisition not only validated Parco's business model but also underscored the growing importance of smart mobility solutions in urban environments.
Today, Parco stands as a testament to the power of innovation and the impact of technology on everyday life. By addressing a common pain point with a simple yet effective solution, Itai David and Tomer NeuNer have left an indelible mark on the way we navigate our cities.