NuPark - About the company
NuPark is an acquired company based in Lubbock (United States), founded in 2013 by Stephen Lambert. It operates as a Provider of cloud-based parking managemeny solutions. NuPark has raised $2.6M in funding from Techstars and Lubbock Angel Network. The company has 566 active competitors, including 65 funded and 43 that have exited. Its top competitors include companies like Arrive, Park Plus and Streetline.
Company Details
The NuPark parking management system offers cloud-based parking management solutions. It provides a software platform that leverages license plate recognition (LPR) for parking enforcement, permit management, access management, parking events. It can be used for complete automation of the parking system as the access gates can be controlled depending on the license plate, parking spots can be booked and payment can be made without human intervention.
- Website
- nupark.com
- Social
- Email ID
- *****@nupark.com
- Registered Address
- Charlotte, North Carolina
Key Metrics
Founded Year
2013
Location
Lubbock, United States
Stage
Acquired
Total Funding
$2.6M in 2 rounds
Latest Funding Round
Ranked
101st among 566 active competitors
Exit Details
Acquired by T2 Systems (Dec 14, 2021)
Legal entities associated with NuPark
NuPark is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
NuPark Inc CIN: 475118331 , United States, Active | Dec 31, 2012 | - | - | - |
PASSPORT PARKING CIN: 464987364 , United States, Active | Dec 31, 1999 | - | 158 (As on Dec 31, 2023) | - |
NuPark's acquisition details
NuPark got acquired by T2 Systems on Dec 14, 2021.
Click here to take a look at NuPark's acquisition in detail
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NuPark's funding and investors
NuPark has raised a total funding of $2.6M over 2 rounds. Its first funding round was on Sep 23, 2015. Its latest funding round was a Seed round on Oct 21, 2016 for $*****. 2 investors participated in its latest round. NuPark has 3 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of NuPark:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 21, 2016 | 2376038 | Seed | 5552637 | 6893457 | 2345711 | 5661979 |
Sep 23, 2015 | 6655042 | Seed | 5058933 | 3008889 | 3959631 | 6671212 |
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NuPark's founders and board of directors
Founder? Claim ProfileThe founders of NuPark is Stephen Lambert.
Here are the details of NuPark's key team members:
- Stephen Lambert: Co-Founder & CTO of NuPark.
View details of NuPark's Founder profiles and Board Members
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NuPark's Competitors and alternates
Top competitors of NuPark include Arrive, Park Plus and Streetline. Here is the list of Top 10 competitors of NuPark, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | _1581412169485.jpeg?devicePixelRatio=2&height=30&width=30){kind=logo} Arrive 2006, Chicago (United States), Series D | Tech-enabled platform offering parking and mobility management solutions | $65.3M | 78/100 | |
2nd | Provider of vehicle-related services, including FASTag, challan, insurance, and parking | $51.8M | 70/100 | ||
3rd | Streetline 2005, San Mateo (United States), Acquired | AI-enabled parking management solution | $59.3M | 68/100 | |
4th |  FlashParking 2011, Austin (United States), Series D | SaaS-enabled platform offering parking management systems | $314M | 65/100 | |
5th | T2 Systems 1994, Indianapolis (United States), Acquired | Provider of parking management software and related technology solutions | $31M | 61/100 | |
6th |  Metropolis 2017, Santa Monica (United States), Series D | Developer of computer vision technology for automated vehicle parking management | $833M | 61/100 | |
7th | Cleverciti 2010, Munich (Germany), Acquired | Provider of smart parking and curb management technology and solutions | $36.6M | 58/100 | |
8th | Get My Parking 2015, Bengaluru (India), Series A | Provider of a platform for digitizing and automating parking services | $13M | 58/100 | |
9th | REEF 2013, Miami (United States), Series D | Platform offering parking management and suite solutions for multiple retail and food businesses | $768M | 58/100 | |
10th | Park Assist 2005, Cheshire (United States), Acquired | Provides parking occupancy analytics and in-parking guidance | - | 54/100 | |
101st |  NuPark 2013, Lubbock (United States), Acquired | Provider of cloud-based parking managemeny solutions | $2.6M | 32/100 |
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NuPark's Investments and acquisitions
NuPark has made no investments or acquisitions yet.
Reports related to NuPark
Here is the latest report on NuPark's sector:
News related to NuPark
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Passport Advances Mobility Platform with NuPark AcquisitionPR Newswire•Oct 09, 2018•Passport, NuPark
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NuPark to Automate Enforcement Parking Management for City of McAllenPR Newswire•Sep 27, 2017•NuPark
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