What is Arrive?
Arrive operates at the forefront of last-mile mobility solutions, providing a comprehensive technology platform that enables businesses to integrate parking and other mobility-related services directly into their own products. Serving notable clients such as Ticketmaster, Honda, and GasBuddy, Arrive's innovative approach allows for seamless embedding of these services. The company also extends its reach through its consumer-facing applications, ParkWhiz and BestParking, which have collectively served over 40 million users seeking convenient and economical parking options via web, app, voice, and API channels.
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 Angels, and Hyde Park Venture Partners
Series B (2014): $7.1M led by Hyde Park Angels, Jump Capital, and Hyde Park Venture Partners
Series C (2015): $18.9M supported by Beringea LLC, Baird Capital, and Jump Capital
Series D (2018): $5M featuring Alate Partners, Chaifetz Group, Amazon Alexa Fund, and Purple Arch Ventures
Debt (2020): $1M backed by PPP
Key Investors in Arrive
Amazon Alexa Fund
The Amazon Alexa Fund is an investment vehicle focused on supporting the development of new voice-enabled technologies and services, likely indicating Arrive's strategic alignment with voice-activated mobility solutions.
Beringea LLC
Beringea LLC is a growth capital investor that supports companies across various sectors, suggesting their investment in Arrive is driven by the company's potential for significant market expansion and technological advancement.
Baird Capital
Baird Capital is a global private equity and venture capital firm that invests in growing companies, indicating their belief in Arrive's business model and its capacity for substantial returns.
What's next for Arrive?
The recent strategic investment signifies a pivotal moment for Arrive, positioning it for accelerated scaling and further technological development. With a history of diverse funding rounds, including Series A, C, and D, alongside debt financing, Arrive has demonstrated a robust financial strategy. This latest capital injection is anticipated to fuel expansion into new markets, enhance its platform capabilities, and potentially drive further innovation in the connected mobility ecosystem. The company's focus on embedding services into partner products suggests a strategy aimed at broad adoption and integration within the broader digital landscape.
See full Arrive company page
