Metropolis Technologies, Inc.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Metropolis Technologies, Inc. - overview

Established

2017

Location

Chicago, IL, US

Primary Industry

Software

About

Metropolis Technologies, Inc. is a California-based company specializing in AI-driven parking solutions that streamline the parking experience through innovative technology and management services for drivers and property owners. Founded in 2017 in New York, US, Metropolis Technologies focuses on transforming parking management. In November 2025, Metropolis Technologies, Inc.


raised USD 500 million in series D funding led by new investor LionTree, with participation from other new investors SB Investment Advisers, DFJ Fund and Tekne Capital Management. Returning investors Vista Equity Partners, BDT & MSD Partners, Eldridge Industries, Slow, and other unspecified investors also participated in the round. The round was part of a larger USD 1. 6 billion series D and venture debt funding.


The co-founders are Courtney Fukuda, Peter Fisher, and Travis Kell, with Tracy Wimble serving as the CEO. Metropolis Technologies offers an innovative suite of AI-driven solutions primarily focused on revolutionizing the parking experience for drivers and real estate owners. The core product leverages advanced computer vision technology to facilitate checkout-free payments, allowing users to seamlessly enter and exit parking facilities without the need for cash, credit cards, or ticket machines. This system integrates with the operational management of parking assets, providing real estate owners with a revenue-generating solution that enhances asset productivity.


Metropolis operates in over 360 major metropolitan markets across the United States and Canada, catering to a diverse client base that includes commercial real estate owners, parking operators, and more than 16 million registered drivers who benefit from the effortless parking experience. Metropolis generates revenue through its comprehensive parking management services, which include technology licensing and operational partnerships with real estate owners. The operational model allows Metropolis to act as a direct service provider, managing parking facilities and ensuring a streamlined user experience. Clients typically enter into agreements that encompass both technology deployment and operational support, fostering a B2B relationship.


The pricing structure is designed to accommodate various client needs and may include subscription fees for software services coupled with a percentage of revenue generated from parking fees. Flagship offerings include the checkout-free payment solution integral to their platform, enhancing both tenant satisfaction and financial performance for property owners. The company plans to use the November 2025 funding to expand its parking platform, improve technology, and support growth initiatives including new market entry and infrastructure upgrades.


Current Investors

RXR, Slow, Zigg

Primary Industry

Software

Sub Industries

Application Integration Software, Analytics & Performance Software

Website

www.metropolis.io

Verticals

Artificial Intelligence, Cloud Computing, IoT (Internet of Things), Mobile Apps

Company Stage

Series D

Total Amount Raised

Subscriber access only

Metropolis Technologies, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedPremier Parking Management Company, LLC-

Displaying 1 - 1 of 1

Metropolis Technologies, Inc. - employee data

Blurred Background

Want to see Employee Count?

Request a demo for full access to this profile.

GoingPro

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.