The seed round featured backing from TrueStart, Seedrs, Seedcamp, EarlyMarket, and the London Co-Investment Fund.
"An exciting area for us will be in the ride data that we can gather and use to inform a range of third parties, from city planners to delivery services. Part of this funding will aid in the development of the technology needed to support this."
London Business Angels and London Co-Investment Fund back on demand parking service Vallie.
"London is one of the most difficult and expensive places to park in the world. Our customers love Vallie and the services we provide. It’s not just parking, it’s about improving the entire car owner experience and make driving into London work for both the driver and the city. Vallie’s model can work well in almost any city across the world. This round allows Vallie to deliver on that potential immediately"
The funding round was led by Lepe Partners with strategic participation from transport and payment leaders.
"Our mission is to transform everyday transport for millions of people in cities world-wide. The combination of Masabi, MasterCard and Keolis represents three companies working at the forefront of their respective fields to develop and deploy products, making this a reality,"
"We have seen a great deal of interest from investors when they hear this story which isn’t surprising – our client is the last independent company of its size in this niche sector. The future prospects are extremely exciting and we continue to support and advise our client as we raise further funding for marketing and expansion."