Airbnb of Parking Wins Startup Victoria Pitch Night and $40k in funding
Parkhound, the Airbnb of parking, was announced as the winner in the 2015 Startup Victoria Pitch Night competition. Hosted last Monday at Freshwater Place in Southbank, Parkhound beat a star-studded field of Victoria’s best startups to take home $40k in funding from three prominent investors.
Parkhound operates an online marketplace that connects drivers looking for parking with property owners who have unused parking spaces. Property owners make money from leasing a space parking space and drivers get a cost effective and hassle free parking experience. Parkhound has over 3,000 parking spaces located across the country available to hire.
The inaugural Startup Victoria Pitch Night event was set up to demystify the investment making process and to inspire more founders to start their own ventures. Hosted by Leni Mayo, a leading angel-investor in 99designs, Flippa, SitePoint and Learnable, three start-ups, including Parkhound was selected from a huge field of online entrants to participate in the final.
Each startup had 3 minutes to pitch, with 5 minutes of questions from the audience and 15 minutes from three angel investors. The three angel investors were Adrian Stone from AngelCube, Peter Cameron from Avalanche Technology Group, and Stuart Richardson from Adventure Capital.
After each startup pitched, the judges deliberated in an open-forum assessing the various positives and negatives of each start up. After a considered debate, Parkhound was selected as the winner of the $40k funding.
Parkhound Co-founder, Robert Crocitti was pleased with the result, “The extra funding is great but we’re equally excited about working with the investors themselves. Their knowledge and connections in the start-up community will open a lot of doors for us and we look forward to working with them over the coming months”.
Parkhound Co-founder, Michael Nuciforo was impressed with the concept, “It was a fantastic night and a great opportunity for the start-up community to see how investors make decisions. Getting an insight into the though pattern of investors was invaluable to us and I’m sure those attending”.
Angel investor, Adrian Stone, said there was only one choice, “It had to be a unanimous decision amongst all the judges and the only one we unanimously agreed on was Parkhound”.
Parkhound is the Airbnb of parking and has developed an online community where members can easily exchange and lease parking spaces with other drivers. Property owners make money from leasing a parking space and drivers get a cost effective and hassle free parking experience.
For further information
Robert Crocitti, Co-founder
+61 422 145 563
Michael Nuciforo, Co-founder
+61 466 910 446