What is Smarking?
Smarking operates at the intersection of commercial real estate, urban mobility, and data science. The company provides a leading business intelligence and yield management software solution designed to optimize parking assets. Leveraging a team of MIT data scientists, real estate experts, and software engineers, Smarking's platform is currently deployed across over 2,000 parking locations in North America. Its core value proposition lies in its ability to enhance asset income, improve tenant satisfaction, and drive cost savings for its clients, positioning it as a key player in the proptech and smart city ecosystems.
How much funding has Smarking raised?
Smarking has raised a total of $3.4M across 3 funding rounds:
Angel/Seed
$3M
Debt
$150K
Debt
$214K
Angel/Seed (2015): $3M with participation from FinSight Ventures, Slow Ventures, DN Capital, Procyon Ventures, Khosla Ventures, Fairstead Capital, and Pre-Angel
Debt (2020): $150K led by PPP
Debt (2021): $214K supported by PPP
Key Investors in Smarking
FinSight Ventures
FinSight Ventures is a multi-stage venture capital firm with over $1 billion in tech investments, focusing on partnering with visionary founders to help companies grow. The firm emphasizes generative AI breakthroughs and the development of country-leading superapps, while also investing in emerging general partners with technology roots. Founded in 2004, FinSight operates with a commitment to an ownership mindset, flexibility, and discipline. Its portfolio spans the United States, India, and other regions worldwide.
DN Capital
DN Capital is a global early-stage venture capital firm founded in 2000, with offices in London, Berlin, and San Francisco. The firm focuses on investing in Seed, Series A, and select Series B opportunities across four key sectors: Software, AI, Fintech, and Consumer Internet. With a strong commitment to supporting entrepreneurs, DN Capital leverages its extensive global network and financial expertise to help portfolio companies grow. The firm has backed notable category leaders and is dedicated to fostering impactful businesses in Europe and North America.
Procyon Ventures
Procyon Ventures invest in data-driven enterprise-facing softwares. By leveraging our deep technical experience and global knowledge, we help startups accelerate great technologies to successful companies
What's next for Smarking?
The recent major strategic investment indicates Smarking's transition into a scaling phase, likely focusing on expanding its market reach and enhancing its technological capabilities. With a solid foundation in data analytics and yield management for parking assets, the company is well-positioned to capitalize on the growing demand for intelligent urban infrastructure solutions. Future developments may include further integration of AI for predictive analytics, expansion into new geographic markets, and strategic partnerships to broaden its service offerings within the commercial real estate and smart city domains.
See full Smarking company page
