Vallie secures investment from London Business Angels and London Co-Investment Fund to fund European expansion.
London Business Angels and London Co-Investment Fund back on demand parking service Vallie.
Vallie operates an on demand valet parking service for drivers in London, offering a meet and greet option priced below standard car parks.
London digital parking operator Vallie has secured an investment round backed by London Business Angels and the London Co-Investment Fund. The fresh capital will be directed towards capturing the London market and expanding into other European cities.
Founded in 2015 by Nash Islam and Robin Doble, the company offers an on demand valet parking service designed to cost less than traditional car parks. The latest funding provides the business with the resources needed to scale its operations immediately.
Investors noted the strength of the management team and the viability of the service amid urban traffic congestion. Vallie aims to establish its footprint across European urban centres following this round of backing.
From the founder
"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"
Nash Islam
CEO at Vallie
Investor perspective
"in an age of traffic congestion and a lack of parking spaces, Vallie has developed a disruptive solution that enables drivers to book valet parking on demand at less than the cost of parking in a car park. The Vallie management team has a track record of success and the Vallie product is already being used by a number of drivers on a regular basis. This new funding means that the company is well positioned to scale its growth"
Anthony Clarke
CEO, London Business Angels
Use of funds
- 01Expand into international markets
