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

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)
Ben Moore
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...

More Technology

Tim Tams, Canva, and reimagining your business with AI
Technology The Business of Tech podcast

Tim Tams, Canva, and reimagining your business with AI

On this week's podcast, Peter Griffin talks to Tracy Sheen.

Why Meta could pay billions for a data labeller
Opinion

Peter Griffin: Why Meta could pay billions for a data labeller

We’re in the era of AI acquisitions as Big Tech seeks to assert its dominance.

Peter Griffin 18 Jun 2025
Business are hoping for a boom, but bracing for cost surge
Economy

Business are hoping for a boom, but bracing for cost surge

Electricity costs are likely part of the cost picture for businesses 2degrees, CEO says.

Dileepa Fonseka 17 Jun 2025
Gentrack now one of NZ's most valuable listed companies
Markets

Gentrack now one of NZ's most valuable listed companies

Utilities software provider keeps winning customers and moving up the NZX.