News and Announcements
Kerb, the global parking app, is closing its Seed Round at the end of this month with just USD250k left
- Published January 14, 2019 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Kerb is closing its Seed Round on 31 Jan 2019 in preparation for a larger Series A round.
- Kerb has just USD250k left in its USD2.5m Seed round (pre-money valuation: USD10m).
- Kerb has partnered with the highly respected Debono Group in Malta.
KERB Parking App closing its Seed Round on 31 Jan 2019, in preparation for a much larger Series A round. Softbank have invested USD800m in the parking app startup – and Kerb competitor – ParkJockey
Kerb, the global parking app, which is now live in 9 countries and plans to rollout to another 15 countries in 2019, will be closing its USD2.5m Seed round on 31 Jan 2019.
Things have accelerated for Kerb since Softbank announced in Dec 2018 that it had invested USD800m in US/UK parking app, ParkJockey.
This follow’s Amazon Alexa fund’s investment in USA parking app, ParkWhiz, in Nov 2018.
Kerb has just USD250k left in its USD2.5m Seed round (pre-money valuation: USD10m).
If you are interested in getting in before Kerb’s Seed round closes, please contact [email protected]. Minimum investment is USD100k.
KERB joint venture with Debono Group in Malta commences
Kerb has partnered with the highly respected Debono Group in Malta.
This joint venture will seek to redefine the way the citizens of Malta park their cars, motorbikes and boats.
Malta is the 8th most densely populated country in the world, and has a chronic traffic and parking problem.
Debono Group are the longest-established – and largest – Toyota dealership in Malta.
About Kerb
By unlocking under-utilised space under apartment blocks, in driveways, behind stores and on top of buildings across Developed and Developing countries, Kerb is making parking cheaper, quicker and less stressful for tens of thousands of commuters worldwide. It is also a way for individuals, churches, schools, hotels and many other organisations to make money from their empty spaces.
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