ParkWhiz, a Chicago-based startup that allows customers to reserve parking on the fly, has raised $2 million in Series A funding led by Hyde Park Venture Partners with Hyde Park Angels, Amicus Capital, Alexis Ohanian, Garry Tan, Henry J. Feinberg and Amreesh Modi participating.
ParkWhiz applies the OpenTable model to finding parking. Via web and mobile apps, ParkWhiz allows users to reserve parking in the U.S. ParkWhiz partners with parking lot owners, which range from people who own a single space to large parking management companies, across the country to list their inventory on ParkWhiz.
Users can compare price, location and amenities. The company works with over 2,000 parking lots nationwide, giving customers access to over 3 million parking spaces. To date, more than a million people have used ParkWhiz to find and reserve a parking spot. The company has also inked official partnerships with StubHub and TicketsNow, NFL and NCAA teams, and sports and entertainment to the a parking resource for concert goers, sports event attendees and more.
The company faces competition from Spotswitch, Primospot, and others.