ParkBee B.V.

ParkBee B. V. is a digital platform facilitating efficient search, booking, and payment of parking spaces, aiming to optimize urban parking solutions while minimizing congestion in city areas. Founded in 2013 and headquartered in Amsterdam, Netherlands, ParkBee B.

V. specializes in providing parking solutions by optimizing underutilized off-street spaces. The company has successfully raised a total of EUR 30. 000 mn through 3 deals, with its most recent funding round being a Series B in March 2022, led by Koolen Industries and supported by InnovationQuarter and Statkraft Ventures.

The founders, Jian Jiang and Tom Buchmann, have experience in launching innovative companies, driving ParkBee's strong market presence. ParkBee operates a digital platform that streamlines the process of searching, booking, and paying for parking spaces. Their core offerings include monthly parking solutions, allowing users to secure a parking spot in their desired location, thus reducing monthly parking costs. The platform targets various use cases, such as individuals commuting to work, returning home, or enjoying leisure activities, offering a stress-free parking experience.

ParkBee optimizes underutilized off-street parking spaces to enhance convenience and affordability, while also aiming to alleviate congestion caused by parked cars on city streets. The service is available in multiple geographical markets, catering to urban centers where parking demand is high and supply is often limited. The revenue model for ParkBee is primarily based on transaction fees derived from bookings made through their platform. Customers, including individual users and businesses seeking monthly parking solutions, pay for securing their parking spaces ahead of time.

This transaction structure enables ParkBee to generate income directly from consumers as well as from partnerships with local municipalities and real estate owners providing underutilized parking spaces. Pricing plans for monthly parking vary according to location and demand levels, allowing clients to choose a rate that best meets their needs while ensuring predictable costs. By facilitating these transactions, ParkBee fosters an ecosystem that benefits both the end-user and the providers of parking spaces. In March 2022, ParkBee B.

V. raised EUR 30. 000 mn in Series B funding, which will be used to support expansion efforts into France and Ireland. The company plans to leverage this investment to enhance its service offerings and improve market penetration in these new geographical regions.