ParkMe

ParkMe is a leading global provider of real-time and static on-street and off-street parking data, offering the popular “ParkMe” consumer app. The company was acquired by INRIX to complement the INRIX Parking offering. INRIX, a leader in improving urban mobility using big data, insights, and technology, provides the highest quality and most comprehensive parking solution on the market, covering over 31 million spaces in over 90,000 worldwide locations, over 4,500 cities, 64 countries, and seven continents. This information is available to automakers, municipalities, parking operators, and businesses. The ParkMe app is a free consumer app that helps users easily find, compare, reserve, and pay for parking, ultimately saving time and effort. Founded in 2009, ParkMe secured a $7.40M Series A investment at 31 October 2012, with Ridge Ventures, Chiratae Ventures, and Fontinalis Partners as the investors. Prior to the acquisition by INRIX, ParkMe was backed by respected investors, including Fontinalis Partners, IDG Ventures, and Angeleno Group. Fontinalis Partners is a leading transportation technology strategic investment firm, IDG Ventures is a global network of venture capital funds, and Angeleno Group is a growth equity firm investing in next-generation energy and natural resources companies globally. For further information about INRIX, visit www.inrix.com.