When was Passport Parking founded?

Passport Parking was founded in 2010 and raised its 1st funding round within a year of its incorporation.

Where is Passport Parking located?

Passport Parking is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina.

How many employees does Passport Parking have?

As of Dec 31, 2021, the latest employee count at Passport Parking is 236.

Is Passport Parking a funded company?

Passport Parking is a funded company, having raised a total of $1.54M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 01, 2010.

When was the latest funding round of Passport Parking?

Passport Parking's latest funding was a $***** Seed round on Sep 01, 2013, with participation from 1 investor. Its primary sector is Road Transport Tech. In United States, the Road Transport Tech sector has seen $16.6B in funding in 2026 to date.

Where does Passport Parking rank among its competitors?

Passport Parking ranks 3rd amongst 34 active competitors, of which 6 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Passport, which secured $90M in May, 2021.

Who are the top competitors of Passport Parking?

Passport Parking's top competitors include Passport, Parkmobile and Flowbird. Among them, Passport secured the most recent funding round in May, 2021.

Passport Parking - 2026 Company Profile, Team, Funding & Competitors

Passport Parking is a seed company based in Charlotte (United States), founded in 2010 by Bob Youakim and Charlie Youakim. It operates as an App-based solution pay for parking spaces. Passport Parking has raised $1.54M in funding. The company has 34 active competitors, including 6 funded and 1 that has exited. Its top competitors include companies like Passport, Parkmobile and Flowbird.

Company Details

PassportParking is a cloud-based mobile payment platform for parking and transit. Users need to register their credit/debit card with the app to pay the parking fees using the app. Services offered include pay for parking, extend a parking session remotely, receive notifications before the parking sessions expire, and view and print receipts online. Offers a pay-by-voice and pay-by-text option. Available on Android and iOS platforms.

Website: gopassport.com
Social
Part Of
Registered Address: Charlotte, North Carolina

Key Metrics

Founded Year

2010

Location

Charlotte, United States

Stage

Seed

Total Funding

$1.54M in 3 rounds

Latest Funding Round

Seed, Sep 01, 2013, $*****

Investors

MK Capital & 1 more

Ranked

3^rd among 34 active competitors

Employee Count

236 as on Dec 31, 2021

Similar Companies

Passport & 215 more

View Passport Parking's full profile

Passport Parking is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PASSPORT PARKING CIN: 464987364 , United States, Active	Dec 31, 1999	-	158 (As on Dec 31, 2023)	-

Passport Parking has raised a total funding of $1.54M over 3 rounds. Its first funding round was on Apr 01, 2010. Its latest funding round was a Seed round on Sep 01, 2013 for $*****. 1 investor participated in its latest round. Passport Parking has 2 institutional investors.

Here is the list of recent funding rounds of Passport Parking:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 01, 2013	8239317	Seed	7133662	9069129	8319516	4476502
Dec 2012	6755031	Angel	9703844	9818331	9987282	4505763
Apr 01, 2010	9590912	Seed	3653268	1087278	5016859	7264940

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View details of Passport Parking's funding rounds and investors

The founders of Passport Parking are Bob Youakim and Charlie Youakim.

Here are the details of Passport Parking's key team members:

Bob Youakim: Former Co-Founder of Passport Parking and founder of 3 other companies, ParkEvanston, Cincy EZPark and NuPark.
Charlie Youakim: Former Co-Founder of Passport Parking.

View details of Passport Parking's Founder profiles and Board Members

Passport Parking's employee count trend

Passport Parking has 236 employees as of Dec 21. The total employee count is the same as what it was in Dec 20. Here is Passport Parking's employee count trend over the years:

Employee count trend for Passport Parking

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Top competitors of Passport Parking include Passport, Parkmobile and Flowbird. Here is the list of Top 10 competitors of Passport Parking, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Passport 2010, Wilmington (United States), Series E	Cloud-based mobile payment platforms for parking and transit operators	$212M	Bain Capital Ventures, MK Capital & 14 others	64/100
2nd	Parkmobile 2008, Atlanta (United States), Series A	App-based platform for booking parking spaces	$6.3M	Fontinalis Partners, BCD Group & 1 others	61/100
3rd	Passport Parking 2010, Charlotte (United States), Seed	App-based solution pay for parking spaces	$1.54M	MK Capital, NEST-TN	49/100
4th	Flowbird 2018, Moorestown (United States), Unfunded	App-based platform for parking payments	-	-	48/100
5th	Pango 2011, Baltimore (United States), Series A	Provider of mobile pay-by-phone parking solutions	$6.53M	IndigiLab	47/100
6th	ParkChicago 2013, Chicago (United States), Unfunded	Chicago's on-street parking management: mobile pay, pay boxes, enforcement	-	-	47/100
7th	QP QuickPay Parking 2010, San Francisco (United States), Deadpooled	Integrated mobile parking technology and services	$9M	Fontinalis Partners, Total & 14 others	46/100
8th	SMS Parking 2018, Frechen (Germany), Unfunded	App based wallet for parking	-	-	46/100
9th	Meter Feeder 2014, Pittsburgh (United States), Funding Raised	App-based platform offering parking payments services	-	-	41/100
10th	ParkByApp 2015, New York City (United States), Unfunded	App for parking payments	-	-	39/100