What is Arrive?
Arrive operates at the forefront of mobility solutions, specializing in the critical last-mile segment. The company's advanced technology enables businesses such as Ticketmaster, Honda, and GasBuddy to seamlessly integrate parking and other mobility services into their existing products. Furthermore, Arrive powers its own award-winning consumer applications, ParkWhiz and BestParking, which have collectively served over 40 million users through web, app, voice, and API channels. This dual approach allows Arrive to address both B2B and B2C needs in the evolving mobility landscape.
How much funding has Arrive raised?
Arrive has raised a total of $34M across 5 funding rounds:
Series A
$2M
Series B
$7.1M
Series C
$18.9M
Series D
$5M
Debt
$1M
Series A (2012): $2M with participation from Amicus Capital, Hyde Park Venture Partners, and Hyde Park Angels
Series B (2014): $7.1M led by Hyde Park Angels, Jump Capital, and Hyde Park Venture Partners
Series C (2015): $18.9M supported by Baird Capital, Beringea LLC, and Jump Capital
Series D (2018): $5M featuring Amazon Alexa Fund, Purple Arch Ventures, Alate Partners, and Chaifetz Group
Debt (2020): $1M backed by PPP
Key Investors in Arrive
Baird Capital
Baird Capital is a venture capital firm known for investing in growth-stage companies across various sectors, likely providing strategic guidance and capital to Arrive.
Beringea LLC
Beringea LLC is a growth capital investor that supports companies looking to scale their operations, suggesting a focus on Arrive's expansion plans.
Amazon Alexa Fund
The Amazon Alexa Fund invests in companies developing voice-enabled technologies and services, indicating a potential strategic alignment with Arrive's voice-based mobility solutions.
What's next for Arrive?
With substantial enterprise-level backing and a recent strategic investment, Arrive is well-positioned for accelerated growth. The company's focus on embedding essential mobility services into partner products, alongside its direct-to-consumer apps, provides a robust foundation for scaling operations. Future initiatives will likely involve expanding its network of partners, enhancing its technological capabilities, and potentially exploring new mobility verticals to solidify its leadership in the last-mile sector. The strategic capital infusion signals a commitment to innovation and market penetration.
See full Arrive company page
