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."
The parking platform secured its capital from over 2,900 investors in a record-breaking crowdfunding campaign.
"We’ve been overwhelmed by the positive response to our crowdfunding campaign. The way that the public have got behind JustPark and put their faith in us has been a huge vote of confidence, and genuinely humbling. We’re now looking forward to the next stage of our growth and to working alongside a loud, proud collective of our most passionate users to bring parking into the 21st century."
The second crowdfunding campaign surpassed its initial target of £350k with backing from 353 investors.
"Once again the crowd has shown huge faith and enthusiasm in getting behind our business to help us grow. And it’s not just about the money, we have seen increasing numbers of people with strong trade backgrounds invest. These provide an invaluable source of ideas and advice for the business."