Divvy Parking secures funding to ramp up parking race
Transport-tech company, Divvy Parking, is a step closer to rolling out its mobile building access technology across Australia after securing additional funding for the initiative. In the latest round of its capital raising campaign, Divvy secured an additional $2.5 million. The new funding, which was sourced from investors in Australia and Hong Kong, takes Divvy’s total capital raising to $5.3 million, following the $2.5 million it secured in the first round and the $300,000 in seed funding raised in 2013.
Following a successful pilot campaign in Sydney recently, Divvy plans to use the funds to roll out the mobile building access technology across Australia’s CBDs.
Divvy’s technology aims to connect and give commuters access to an entirely new network of thousands…