ParkBee on a mission to match parking supply and demand

Netherlands-based proptech firm ParkBee recently obtained a €30 million financing package with a view to expanding throughout Europe, widening the availability of its service to investors and owners of car parks and to the parking public.

“We are a tech platform aggregating demand and supply with the objective of using underutilised parking garages making them accessible to the public,” said the company’s CEO Werner Paul Boerma.

As he explained to Real Asset Insight’s Richard Betts, the company also aggregates demand by working with the large and growing number of apps which have been connected to the ParkBee platform, connecting “literally tens of millions of users”.

Boerma said that the  €30 million financing facility with Koolen industries as a lead investor, is primarily to enable the company’s expansion throughout Europe alongside partner apps and real estate investors.

“The technology is proven and works across borders and in that way we will really be driven in our expansion by our partners and by the locations within their portfolios rather than tackling it country by country,” he said.