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Overview
Parkade provides a SaaS platform that automates parking management for apartment buildings. It handles reservations, payments, access control, and enforcement for tenants and guests, all in one system. The software integrates with Property Management Systems and tenant directories to enable automated enforcement, real-time problem reporting, and streamlined operations, reducing manual work for property managers (average about 10 hours saved per week). It supports mobile enforcement, 24/7 customer support, and towing services to resolve issues quickly. Pricing can be granular and includes guest parking and premium flexible leases, helping property managers maximize parking revenue. Parkade’s goal is to make parking management easier and more efficient for property managers while improving the tenant and guest experience by automating processes and optimizing revenue.
About Parkade
Industries
Enterprise Software
Real Estate
Company Size
11-50
Company Stage
Series A
Total Funding
$16.7M
Headquarters
San Francisco, California
Founded
2018
Simplify's Take
What believers are saying
- Series A raised $10M in 2026 from Navitas Capital, valuing at $50M.
- Processed $45M payments across 23 U.S. states, growing 21x since 2022.
- Customers like Crawford Hoying gain 70% parking revenue increases.
What critics are saying
- SpotHero partnerships with Yardi steal 50-70% multifamily share in 6-12 months.
- Yardi Voyager 8.0 obsoletes Parkade integrations in 6-9 months.
- California parking mandate cuts slash demand in San Francisco in 3-6 months.
What makes Parkade unique
- Parkade automates parking with PMS integrations like Yardi and RealPage.
- Residents reshare idle spots via app, boosting capacity instantly.
- Patrol app enables mobile enforcement, slashing manual oversight 90%.
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Funding
Total Funding
$16.7M
Above
Industry Average
Funded Over
2 Rounds
BoxGroupIndustry standards
Benefits
Competitive salary
Equity
Healthcare benefits
Flexible vacation
Advocacy time
Growth & Insights and Company News
6 month growth
↑ 2%1 year growth
↑ 2%2 year growth
↑ 4%Parkade has raised $10M in a Series A round led by Navitas Capital, with participation from MassMutual Ventures and others. The funding will help Parkade expand its software-driven parking management solutions across the multifamily residential sector. Since launching in 2022, Parkade has grown 21x, boosting parking revenue by up to 70% and reducing management workload by 90%. The company aims to enhance its technology and create an interoperable network of Parkade-enabled buildings.
Parkade, a platform for managing private parking, raised a $10 million Series A led by Navitas Capital, MassMutual Ventures, and 9Yards Capital, with participation from existing investors. Founded by Evan Goldin and Ben Plowman, Parkade automates parking management for multi-family properties, offering features like integrated gate access and dynamic pricing. The funding will help scale their product and operations, aiming to become the standard for parking management in apartment communities.
SAN FRANCISCO - Parkade, a technology platform for managing private parking, has raised a $10 million Series A from real estate and "proptech" industry venture-capital firms to transform parking management for owners, managers, and investors.
Parkade has secured $10 million in Series A funding to enhance digital parking solutions for modern spaces. The company may be interested in integrating property management systems, revenue management solutions, security solutions, mobile applications, and guest parking services.
Parkade, a San Francisco-based company, has secured $10 million in Series A funding to modernize private parking.
Parkade is Hiring for 6 Jobs on Simplify!
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About Parkade
Industries
Enterprise Software
Real Estate
Company Size
11-50
Company Stage
Series A
Total Funding
$16.7M
Headquarters
San Francisco, California
Founded
2018
Parkade is Hiring for 6 Jobs on Simplify!
Find jobs on Simplify and start your career today