Flash Receives $60M Investment From TriplePoint Capital
On August 27, the venture finance firm TriplePoint Capital announced in a post on the company’s LinkedIn account that it had invested $60 million in FlashParking, the Austin, Texas-based provider of parking and electric vehicle (EV) charging solutions.
“We’re excited to partner with Flash, a pioneer in parking technology that is leading the industry’s digital transformation,” according to the post from TriplePoint Capital, which has offices in Menlo Park, California, and New York City. “Our $60 million commitment supports Flash as it rapidly scales its innovative parking and EV charging platform and adds partners to its digital ecosystem.”
Representatives of both companies confirmed the deal to Parking Today but would not disclose any further details. Neither company issued a news release announcing the agreement.