FlashParking Secures $60 Million From L Catterton’s Growth Fund
Summary
AUSTIN, Texas & GREENWICH, Conn.--(BUSINESS WIRE)--FlashParking, the leader in parking technology, today announced that it has received a $60 million strategic investment from the Growth Fund of L Catterton, the largest and most global consumer-focused private equity firm. To get ahead of this evolution, in the coming months FlashParking intends to announce new partnerships with transportation, logistics, and mobility companies that are leveraging its platform. This unique platform has allowed us to configure an operating system that’s not only the best solution for parking infrastructure today but also a model that’s ready for tomorrow,” said Juan Rodriguez, co-founder of FlashParking. Rodriguez continued, “L Catterton has an unparalleled track record of building leading brands and rapidly scaling operations, which makes them the ideal partner for us as we grow and expand our business. Today, the company is enabling traditional parking assets to evolve into next-generation mobility hubs by implementing future-ready hardware and software infrastructure, a powerful business intelligence engine, and a robust partner ecosystem.
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