JustPark has become the 200th business to get funding on Crowdcube, taking the total invested in British businesses on the site to more than £60m.
JustPark, which provides app and website that connects parking space owners with drivers looking for a convenient space, reached its £1m crowdfunding target after just four days.
It plans to use the money it raises to grow its community of users in the UK and around the world, as well as to create new technology following the world-first in-car app it developed last year – in collaboration with BMW – which allows drivers to manage the entire parking process directly from their vehicle dashboards.
Luke Lang, Crowdcube co-founder, said:
“Just like we are revolutionising the finance market, JustPark is disrupting the £50bn global parking market by letting drivers book off-street parking spaces online wherever and whenever they need them.
“It’s great to see our community of 140,000 registered investors getting an opportunity to invest alongside leading venture capital firms like Index Ventures and BMW i Ventures.”
JustPark founder Anthony Eskinazi added:
“We are hugely excited to offer our existing users and members of the public the chance to claim a stake in JustPark’s future growth, particularly given that our business is all about collaboration.
“We are operating at the heart of the sharing economy, with our customers providing each other with the solution to the parking headache by opening up their underused parking spaces to drivers.
“This crowdfunding round will allow us to work together with our most passionate users to build the business to greater heights.”