What is Arrive?
Arrive operates as a premier technology provider specializing in the last-mile of mobility. The company offers a robust suite of API-driven solutions that enable major enterprises, including Ticketmaster, Honda, and GasBuddy, to integrate seamless parking and mobility services directly into their proprietary digital products. Beyond its B2B enterprise offerings, Arrive maintains a strong consumer-facing presence through its award-winning applications, ParkWhiz and BestParking. With a user base exceeding 40 million, the platform leverages voice, web, and mobile interfaces to optimize parking discovery and booking, effectively reducing friction in urban transit and vehicle management.
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 Hyde Park Venture Partners, Amicus Capital, 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 Jump Capital, Baird Capital, and Beringea LLC
Series D (2018): $5M featuring Purple Arch Ventures, Alate Partners, Chaifetz Group, and Amazon Alexa Fund
Debt (2020): $1M backed by PPP
Key Investors in Arrive
Hyde Park Venture Partners
A venture capital firm focused on early-stage investments in the Midwest, providing critical support to high-growth technology companies.
Baird Capital
A global private equity and venture capital firm that partners with entrepreneurs to build exceptional companies through strategic growth capital.
Beringea LLC
An international growth capital investor that specializes in scaling businesses by providing both financial resources and operational expertise.
What's next for Arrive?
With the support of its latest capital injection, Arrive is well-positioned to accelerate its product roadmap and deepen its integration within the broader smart city and connected vehicle landscape. The company's strategic focus remains on expanding its API ecosystem, allowing for more sophisticated, friction-free mobility transactions. As urban environments continue to prioritize efficient space utilization and multimodal transit, Arrive's ability to provide economical and convenient parking solutions will likely serve as a cornerstone for future mobility-as-a-service developments. Investors are closely monitoring how the firm will leverage its existing partnerships to capture further market share in the rapidly evolving automotive technology sector.
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