Romania Insider
Romanian venture capital fund invests in future “parking Waze”

Roca X, a local investment fund looking for technology start-ups in Romania and abroad, announced that it invested in yeParking, a parksharing application and an IT provider of solutions to make parking spaces more efficient.

“We are confident in the potential of the application to gain popularity in record time and we believe that it will soon become a parking Waze, installed on all drivers' phones in Romania and beyond. We decided to complete the direct investment by offering our support in the development of the business-to-business area of the platform, by implementing it as a payment method in GoToParking, at Avram Iancu international airport in Cluj,” explains Alexandru Bogdan, ROCA X investment manager.

The capital obtained by the company as a result of the financing will be used in an initial stage to increase the application usage rate in Cluj-Napoca, to expand the application in other big cities in Romania and to enroll the first office buildings and residential closed areas in the business to business solution. The yeParking app currently has about 5,000 users in Cluj-Napoca.

[email protected]

(Photo source: Facebook/YeParking)

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For a decade, Romania Insider has been your platform of choice for reliable information on all things Romania. We have always been proud of our ability to bring you bias-free reporting but this hasn't always been easy. We have been thinking about making some changes and can't imagine doing this without your feedback.
For this, we would appreciate it very much if we could borrow 2 minutes of your day to fill out this survey. 
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Romania Insider
Romanian venture capital fund invests in future “parking Waze”

Roca X, a local investment fund looking for technology start-ups in Romania and abroad, announced that it invested in yeParking, a parksharing application and an IT provider of solutions to make parking spaces more efficient.

“We are confident in the potential of the application to gain popularity in record time and we believe that it will soon become a parking Waze, installed on all drivers' phones in Romania and beyond. We decided to complete the direct investment by offering our support in the development of the business-to-business area of the platform, by implementing it as a payment method in GoToParking, at Avram Iancu international airport in Cluj,” explains Alexandru Bogdan, ROCA X investment manager.

The capital obtained by the company as a result of the financing will be used in an initial stage to increase the application usage rate in Cluj-Napoca, to expand the application in other big cities in Romania and to enroll the first office buildings and residential closed areas in the business to business solution. The yeParking app currently has about 5,000 users in Cluj-Napoca.

[email protected]

(Photo source: Facebook/YeParking)

Normal

For a decade, Romania Insider has been your platform of choice for reliable information on all things Romania. We have always been proud of our ability to bring you bias-free reporting but this hasn't always been easy. We have been thinking about making some changes and can't imagine doing this without your feedback.
For this, we would appreciate it very much if we could borrow 2 minutes of your day to fill out this survey. 
Thank you for reading Romania Insider!  

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