Overview

Raised to Date: Raised: $899,249

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/23/2021

Close Date

04/30/2021

Min. Goal

$300,000

Max. Goal

$1,070,000

Min. Investment

$500

Security Type

Convertible Note

Series

Series B

SEC Filing Type

RegCF    

Valuation Cap

$50,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

05/01/2021

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$24,304

# of Investors

564

Momentum

Funded

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Parknav

Year Founded

2009

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

AutomationTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

San Francisco, California

Business Type

Growth

Company Website

Parknav, with a valuation cap of $50 million, is raising funds on Wefunder. The company has developed an AI-powered technology to solve the parking challenges of modern cities. The solution is scalable and can be used for any street to identify available on-street parking in real-time. Eyal Amir founded Parknav in July 2009. The proceeds of the current crowdfunding campaign, with a minimum raise of $300,000 and a maximum raise of $1,070,000, will target debt repayment, sales, marketing, and product development. Parknav has partnered with companies like Microsoft Ventures Accelerator and Volkswagen PlugAndPlay and serves customers including BMW, Siemens, and Deutsche Telekom.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$1,602,313	$815,260
COGS	$1,922,452	$1,106,845
Tax	$2,114	$405
Net Income	$-425,969	$-346,993

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$4,179	$364,965
Accounts Receivable	$332,972	$61,238
Total Assets	$1,201,529	$481,908
Short-Term Debt	$259,927	$88,667
Long-Term Debt	$1,163,226	$1,095,808
Total Liabilities	$1,423,153	$1,184,475

Financials as of: 03/23/2021

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Parknav	07/15/2022	Wefunder	$80,044,284	$460,141	Equity - Preferred	Funded	RegCF
Parknav	11/29/2021	StartEngine	$75,037,223	$241,495	Equity - Preferred	Funded	RegCF
Parknav	04/29/2021	Wefunder	$50,000,000	$899,249	Convertible Note	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Founder Profile: Eyal Amir of Parknav

Apps like Google Maps, Uber, and Lyft make it easier than ever to get around cities. However, finding parking is still a common difficulty across urban environments, with no centralized system for monitoring available parking. Enter Parknav.

Parknav uses AI to monitor on-street parking in real-time. The company intends for its technology to help drive the formation and functionality of smart cities across the country. We sat down with founder Eyal Amir to learn more about how Parknav could be part of the smart city revolution.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview