Parker Technology Closes $2.2 Million Seed Round led by Elevate Venture

Indianapolis, Ind. (July 11, 2022) — Parker Technology today announced a series seed round of $2.2 million, led by Elevate Ventures and several other investors. The influx of capital will be used for accelerating sales and marketing and scaling operations to support the brand they’ve built. The capital will support Parker’s ability to sustain high growth and maintain the quality and innovation it’s known for. 

Elevate Ventures first became an investor in 2018 and appointed Chris LaMothe to serve as its representative on Parker’s board of directors. 

“I’ve seen firsthand the company’s focus on customer success and commitment to continual innovation,” said LaMothe. “I’m excited to continue working with Parker as it expands its reach and impact.” 

Brian Wolff, president and CEO of Parker Technology added “It’s humbling to have such enthusiastic and tangible support from existing and new shareholders for the future of our business. This capital infusion is critical to enabling Parker to accelerate our already stellar growth and solidify our position as an innovative leader in the digital transformation of the parking industry.” 

Parking and mobility is a dynamic industry, with a market size between $24-28 billion. Parker Technology has carved out a unique niche and attracted numerous important and recognizable customers, including Indiana University, University of Houston, Wayne State University, University of Michigan, Penn State University, Arizona State University, University of Texas Health San Antonio, University of Pittsburgh Medical Center, City of Las Vegas, City of Durham, Downtown Tempe, City of Tucson, City of Asheville, City of Lansing, City of Eugene, and City of Colorado Springs.

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About Parker Technology
Parker Technology is a software and services company that helps parking facilities provide an excellent customer experience, by resolving issues for parking guests when they fail in the face of automated payment kiosks. Parker’s patient, well-informed specialists virtually answer and resolve intercom calls 24/7 and is the only company in the parking industry that can deliver this service with face-to-face, two-way video communication. Putting this personal, human touch back into an automated situation enhances the customer experience, provides metrics to improve operational efficiencies, increases successful payments, and ensures customer service calls are answered. Learn more at www.helpmeparker.com.