Posted on October 22, 2019 by staff

Parking app JustPark smashes £4m funding target


Parking app JustPark has raised at least £7.2m in its latest crowdfunding round.

The London firm, founded in 2006, has now raised at least £14.7m in total through a combination of private and crowd-based funding since 2011.

JustPark Founder and CEO Anthony Eskinazi left Deloitte to establish the firm when he was only 23, and ran the business by himself until 2011.

He is also Vice Chair of the British Parking Association Technology, Research & Innovation Board.

Following a record breaking Crowdfund in 2015 in which it raised £3.7m, it has now round raised at least £7.2m in its latest round from 5549 investors.

It said it will use the funds to accelerate its core business and expand into new markets.

JustPark’s app and website provides drivers with real-time information on availability, restrictions and price for 1.4 million parking spaces across the UK.

It describes its mission as optimising and repurposing space, “ensuring people can make smarter, seamless and sustainable transport decisions”.

It has previously won the British Parking Awards 2017 and Richard Branson’s #VOOM competition.

Previously it has been backed by BMW, Index Ventures and LocalGlobe.

“This is just the beginning. 2020 is shaping up to be an incredible year!” wrote Eskinazi.