Israeli parking search sensor co Spaceek raises $272,000

city parking

Based on a sensor network showing available parking places, Spaceek's pilot system operates successfully in Kfar Saba.

Spaceek, which has developed a system for finding parking places based on sensors, has completed a $272,000 financing round using the ExitValley crowdfunding platform.

Spaceek is one of the many startups trying to solve the problem of finding parking in the big cities. The solution Spaceek is trying to market, which has passed its initial pilot in Kfar Saba, is a system based on a network of sensors that make it possible to navigate available parking places, regardless of the number of users. The idea is to place sensors on parking places around cities, while using a special application to find out which of these parking places is available or filled by another car. If the parking space is available, the user can navigate to it.

CEO Oren Ezlam, VP finance Itamar Meimon, VP product Tamir Dali, and Liron Kopinsky founded Spaceek in 2013. Following the financing round, Ezlam said, "We will use the amount we raised to expand the company's business to the big cities in Israel, and to prepare for overseas expansion."

The ExitValley platform makes it possible to invest small sums in startups up to a more substantial round. Since the platform was launched in February 2015, only two startups have used it to raise capital: Spaceek and Codipark, another company in the parking field, which raised $200,000.

Published by Globes [online], Israel business news - www.globes-online.com - on November 29, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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