ParkWhiz
ParkWhiz is an e-parking service that allows users to book parking spaces before reaching their destinations. ParkWhiz is headquartered in Chicago, Illinois. Origins. ParkWhiz was founded in 2006 by Aashish Dalal and Jon Thornton. The company CEO is Yona Shtern. ParkWhiz works with 4,000 parking facilities in over 50 major cities and 35 states. Founders Dalal and Thornton conceived of the ParkWhiz concept in 2004 after becoming frustrated with the problem of locating parking during baseball games. While parking spaces were available at various parking facilities, there was no organized system for determining their location or their price . The ParkWhiz service allows users to locate and purchase parking spaces online and on mobile devices before reaching their destinations. As of March 2019 ParkWhiz employs over 100 people in the United States, Israel and the Philippines. Services. ParkWhiz allows drivers to locate and purchase daily, monthly, and event parking through its web and mobile applications. Users of the ParkWhiz service are able to compare prices, locations, and amenities. After drivers select a spot and process their payment, they are given an electronic parking pass that can be printed or presented on a smartphone or tablet. In 2013, as part  of its first growth beyond Chicago, ParkWhiz expanded its monthly parking feature to New York City, offering approximately 200 locations. The company organized parking for the Super Bowl in 2010 and parked an estimated 30% of Super Bowl traffic in 2012. Financial information. The company was a bootstrapped venture until December 2012 when it raised $2 million in Series A funding led by Hyde Park Venture Partners. Other investors in the round included: Alexis Ohanian of Reddit, Ira Weiss, Henry J. Feinberg, and Amicus Capital. ParkWhiz reported that the funding was used to broaden the company's reach and  prepare for its first iOS and Android app releases. In July 2014, ParkWhiz raised $10 million in a Series B round of funding led by venture fund Jump Capital. The Series B round has allowed ParkWhiz to improve its mobile experience, expand its offerings and hire additional employees. At the End of 2015, ParkWhiz raised $24 million in a Series C round of funding led by Baird Capital with participation by growth capital investor Beringea and existing investor Jump Capital.