Get My Parking raises $6 million from IvyCap and IAN Fund

BENGALURU: Mobility startup Get My Parking said it has raised $6 million as part of a new funding round led by IvyCap Ventures. Existing investor IAN Fund also participated in the round.

The company plans to use the new funds to scale its Internet-of-Things (IoT) platform and extend its footprint in the US, Latin America, and Australian market. The startup also plans to use the capital for hiring and expanding its team, with a focus on engineering and product teams.

The six-year-old startup helps parking operators and facility managers digitise parking spaces. The company’s technology upgrades physical parking lots into digital mobility hubs with contactless access and cashless payments.