On-demand valet parking service Vallie has closed a $750,000 seed funding round led by SAATCHiNVEST.
Co-founded by Nash Islam and Robin Doble last year, Vallie enables customers in Central London to drop their car off and have it collected and parked by a driver.
The money, a statement said, will be used to continue developing the platform and expand into new markets both in the UK and across Europe.
Islam, CEO of Vallie, said: “London is one of the most difficult and expensive places to park in the world. Our customers love Vallie and the services we provide. It’s not just parking, it’s about improving the entire car owner experience and make driving into London work for both the driver and the city. Vallie’s model can work well in almost any city across the world. This round allows Vallie to deliver on that potential immediately.”
“SAATCHiNVEST backs big ideas that change the world in elegant yet simple ways. We love what Vallie are doing and are impressed with their overall customer experience. We see untapped potential and believe Vallie is not only the future of parking, but also very relevant to the way communities and cars converge in the ongoing forging of smart cities,” Leo Castellanos, partner at SAATCHiNVEST, explained.
In addition to SAATCHiNVEST, the round also drew support from the London Co-Investment Fund Met Group Danny Kessler and his partner, Michael Jacobs.