ParkHelp
ParkHelp builds parking technology for cities and property owners.
- Category
- Deep Tech
- Website
- www.parkhelp.com
What ParkHelp does
ParkHelp's sensors detect occupancy across car parks, curbs, loading zones, EV charging bays and accessible spaces, and its curb-management software turns that data into guidance for drivers and enforcement, pricing and planning for the operator. Headquartered in New Zealand, the company merged with a Spanish parking business and later acquired Cleverciti, and it serves municipalities and private operators internationally.
The secret
Cities have stopped buying broad smart-city platforms and started buying targeted tools that lift the yield on the parking they already own. ParkHelp sells exactly that, and because it makes the sensors as well as the software it owns the data other parking products have to buy.
Why NZVC invested in ParkHelp
NZVC invested in ParkHelp. We file the company under Deep Tech on the portfolio wall.
We backed ParkHelp because it is the rare New Zealand company doing the acquiring rather than being acquired, and because parking is turning from an afterthought into a revenue line that cities under financial pressure actively manage. Poojitha Preena re-founded the business and rebuilt it from the cap table up, and the combination of owned hardware, owned data and a global customer base is a moat we rarely see at this stage.