KLEVER LOGIC RECEIVES $3M INJECTION TO EXPAND EXECUTIVE TEAM
Financing Will Help the Austin-based Start-up Achieve Deeper Market and Vertical Penetration
AUSTIN, TEXAS – November 10, 2016 – Klever Logic, a parking technology company known for its suite of parking solutions (for valet, gated, and mobile payments), today announced an additional $3M in funding, co-led by serial entrepreneurs and angel investors Sam Goodner and Dan Sharplin. The funds will go towards key new executive hires, scaling sales and marketing, streamlining operations, and a brand evolution to debut soon.
“We began Klever Logic to solve the age-old problem of paying cash for valet parking. The solution we developed was Flash Valet, a cloud-based parking platform, which allows customers to pay and tip using their mobile phone,” said Juan Rodriguez, CEO and co-founder. “However, our business began to take off when parking operators realized our platform allowed for improved revenue acquisition and management as well as a premium parking experience for their clients.”
Flash Valet has won numerous awards and was named one of Entrepreneur Magazine’s “100 Most Brilliant Companies.” Operators loved Flash Valet’s cloud-based platform so much they pushed for the creation of FlashPARCS, a gated parking solution for garages and surface lots.
In just five years, Klever Logic’s valet and gated parking solutions are running in over 800 venues, domestically and internationally, with over 1.5M vehicles parked through the system each month. The funding will allow the company to expand the executive, operations, and sales teams for deeper market penetration, and to build in-roads to property and hospitality management groups. The funding will also help Klever Logic to expand further into key verticals, such as Class A office buildings, hospitals, airports, and large event venues. Klever Logic’s fully integrated parking solution enables operators to manage all their operations on a single platform.
Key hires include:
· Dan Sharplin, joining as Chairman; founder and former CEO of Site Controls
· Sam Goodner, joining as President; founder and former CEO of Catapult Systems
· Emily Lynch, joining as VP of Marketing; formerly VP of Marketing for Catapult Systems
· Wes Vinecombe, joining as VP of Operations; formerly VP of Operations for Site Controls
“Parking is something people don’t think about until they have to, but Klever Logic saw an opportunity to elevate parking into a mobile experience for both parking guests and operators,” said Sam Goodner, new President of Klever Logic. “It was clear to us why Klever Logic has such a loyal customer base, they’ve done an outstanding job creating a robust, yet elegant parking ecosystem that covers all areas of parking, and we are eager to help expand and scale the company.”
Additional investors include current shareholders Austin Ventures, Trellis Partners, G51 Capital, and 186k Ventures.
KLEVER LOGIC, www.kleverlogic.com, is a parking technology company with a suite of products that together are reinventing parking for both consumers and parking operators. All Klever Logic products—Flash Valet, FlashPARCS, FlashMobile—use a cloud-based platform enabling parking operators to tap into real-time data from a mobile phone, tablet or desktop. With Klever Logic, parking operators now can control their revenue and parking operations (valet, gated, and mobile payments) from virtually anywhere, while also giving guests the ability to use their mobile device for a superior parking experience.
Klever Logic and Smarking announce partnership
Two of parking’s most innovative companies team up to provide clients with seamless integration
San Francisco, CA, June 22, 2016 – Smarking, the parking industry’s leading, provider of data analytics software, and Klever Logic, the creators of the award-winning suite of parking solutions, Flash Valet, FlashPARCS and FlashMobile, announced today an official partnership and integration. Through this partnership, the two companies hope to empower their mutual client base with cutting-edge data analytics software.
Smarking has developed a first of its kind business intelligence platform that enables parking professionals to make business decisions 10-20 times faster than the industry standard. The software integrates parking data from a variety of sources to calculate meaningful KPIs in real time, including occupancy, revenue, number of transactions and parking durations.
“Smarking has emerged as the hub of daily business activity for many of our customers. With this new integration, parking professionals can manage their Flash Valet and FlashPARCS enabled facilities in the same place where they are already spending much of their work day,” said Diego Torres-Palma, Director of Growth at Smarking. “Smarking is proud to be the first and only parking analytics software to partner with a company with a presence in over 100 cities.”
From its inception, Klever Logic’s business model has been to empower parking operators to maximize their parking operations by providing real-time access to historical parking data. And with that access, Klever Logic’s parking solutions has helped hundreds of businesses to increase revenue, minimize fraud, and cut the cost of operations.
“The partnership between Klever Logic and Smarking further empowers our customers to use the power of big data to maximize operations,” said Juan Rodriguez, CEO, and co-founder of Klever Logic. “With this integration, Klever Logic customers can pass their parking data on through to Smarking’s business intelligence platform to gain insight on real revenue opportunities and ways to cut costs and satisfy customers. It’s a win—win partnership.”
Smarking is a technology company that specializes in parking data. By aggregating and processing parking related data, Smarking provides a holistic business intelligence software platform designed to increase operational efficiency and enable data driven decision making for parking operations.
About Klever Logic
Klever Logic (www.kleverlogic.com) is reinventing parking for both consumers and parking operators. With its suite of technology products, all Klever Logic products—Flash Valet, FlashPARCS, FlashMobile—use a cloud-based platform. Our award-winning platform provides parking operators mobile and desktop access to real-time data and allows them to monitor and control revenue from anywhere, while also giving guests the ability to use their mobile device for a superior parking experience.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Diego Torres-Palma, Director of Growth
(617) 298-0255; firstname.lastname@example.org