Park depot receives 15 million euros

The Munich-based start-up successfully closes its Series A financing round. Now the company wants to grow further.

Munich-based start-up Parkdepot closes its Series A financing round with 15 million euros. Most of the money comes from existing investor Henq, a venture capital fund from Amsterdam. Other investors included Surplus Equity Partners and Armira Growth. With the fresh capital, the start-up wants to expand internationally and further develop its own product.

Parkdepot develops parking management services based on image recognition technology and artificial intelligence. To this end, the company wants to digitize the entire parking process, from license plate recognition to billing. At the same time, the start-up also wants to offer an analysis of the parking space to enable companies to rent out unused capacity, for example. According to the company, Parkdepot currently handles around one million parking transactions a day. Its customers include grocery stores, parking facility owners, hotels and clinics.

Parkdepot was founded in 2019 and initially expanded in the DACH region in 2021. Since 2022, the company has also offered its technology in Poland, Denmark and Italy. Co-founder and co-CEO Jakob Bodenmüller observes a trend toward camera-based parking technology. "We are convinced that in five to ten years, the majority of all European parking spaces will be managed digitally."