Federal Hill-based Parking Panda has raised $4.7 million in an equity round, according to an SEC filing.
The SEC filing shows that the startup, formed during Baltimore’s first Startup Weekend in April 2011 and launched officially in September 2011, sold exactly $4,763,008 in equity to 21 investors, with some of that money coming from Madrid, Spain.
Since debuting at Baltimore’s 2011 Grand Prix, Parking Panda has expanded quickly to other cities, among them Washington, D.C., San Francisco and New Orleans. Originally just an app for reserving unused driveways that homeowners listed in an online inventory, Parking Panda is now regularly partnering with garages in cities and at major events to offer pre-event parking reservations. (It was the official parking partner of the 2012 Baltimore Grand Prix.)
Up until this point, Parking Panda had raised $750,000 in several stages. Parking Panda has also received funding from the Baltimore Angels investment group, and the Angels also participated in this latest round of funding. This was first reported by CityBizList.
Read an interview with Parking Panda cofounders Nick Miller and Adam Zilberbaum.
Watch Parking Panda at August 2012’s Baltimore TechBreakfast:
[youtube http://www.youtube.com/watch?v=PtfGo9UdVDw&w=550&h=309]
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