IvyCap leads $6 million funding round in mobility platform Get My Parking

Mobility startup Get My Parking (GMP) has raised $6 million in a Series-A funding round led by IvyCap Ventures. Existing investor IAN Fund also participated in the round. With this round, the startup has raised $10.5 million in all so far.

The fund raise will be used to scale GMP’s IoT platform and extend its footprint in the US, Latin American, and Australia markets. The startup also plans to use the capital for hiring and expanding its team, with a focus on engineering and product teams.

“Parking infrastructure needs dozens of equipment and tech vendors. Most of these offer discrete pieces of functionalities that work in silos, typically offline. We provide operators with the technology they need to launch innovative digital offerings relevant to modern consumers.