Parkable raises 'strategic' $4m in round led by US investors

CEO Toby Littin says this is the first capital invested into the company from the US. (Image: Parkable)

Thu, 07 Mar 2024

New Zealand parking software startup Parkable has raised $4 million in an oversubscribed round.The raise was led by two investors based in California in the United States, along with support from the company’s existing investors.Chief executive and founder Toby Littin told BusinessDesk this represented the first capital for the company from the US.“It's quasi-strategic capital, giving us exposure to US networks and US expertise that we didn't previously have,” Littin said.Specifically, he said, it offered the comp...

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